Gholamreza Soleimani Gholamreza Soleimani

Application of Pascal’s Triangular Plus Monte Carlo Analysis to Appraise the Wisdom of Crowds

Following to the article of “Application of Pascal’s Triangular Plus Monte Carlo Analysis to Calculate the Risk of Expected Utility” on link: http://emfps.blogspot.com/2012/05/application-of-pascals-triangular-plus.html, the purpose of this article is to appraise the wisdom of crowds by using of a simulation model which is the combination of Pascal’s Triangular method and Monte Carlo simulation model. The most important finding is to be proved the research study conducted in 1906 by the British scientist Sir Francis Galton (1822 – 1911) in the case of the Wisdom of Crowds in which we can say there is a very good adaptability between the mathematical models and Human’s sense. I think that we can also use from this simulation model for Market Predictions.
You can review this article on below link:
http://emfps.blogspot.com/2012/05/application-of-pascals-triangular-plus_08.html