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The Fortune Sellers: The Big Business of Buying and Selling Predictions (Paperback)

by William A. Sherden (Author) "What will the future bring?..." (more)
Key Phrases: situational bias, naive forecast, faulty forecasts, United States, Wall Street, Value Line (more...)
3.9 out of 5 stars  (12 customer reviews)

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The Fortune Sellers: The Big Business of Buying and Selling Predictions The Psychology of Judgment and Decision Making
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Editorial Reviews
From Library Journal
Sherden, a business consultant, explores seven of the major fields involving prediction?meteorology, economics, investments, technology assessment, demography, futurology, and organizational planning. He describes each field, examines its track record, and concludes that none can make accurate forecasts. Meteorology at least, he says, has a sound scientific basis, though it may never be able to make accurate, long-term predictions because of the chaotic nature of weather. The author says the impediment for the other fields is that they must deal with complex systems involving too many variables to devise workable laws on which to base predictions. He writes in a very readable academic style and documents his sources, while providing numerous charts and examples. Highly recommended for all academic and public libraries as both an overview of the seven fields covered and a palliative to the many popular works that purport to be able to predict the future.?Lawrence Maxted, Gannon Univ., Erie, Pa.
Copyright 1998 Reed Business Information, Inc. --This text refers to the Hardcover edition.

The Wall Street Journal, Stanley W. Angrist
If you believe that experts can forecast events, you will have your faith shaken by William A. Sherden's The Fortune Sellers. --This text refers to the Hardcover edition.

See all Editorial Reviews

Product Details
  • Paperback: 308 pages
  • Publisher: Wiley (December 20, 1999)
  • Language: English
  • ISBN-10: 0471358444
  • ISBN-13: 978-0471358442
  • Product Dimensions: 8.6 x 5.6 x 0.8 inches
  • Shipping Weight: 14.6 ounces (View shipping rates and policies)
  • Average Customer Review: