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World Cup Prediction Failures

Posted by timothy on from the goal-oops-I-mean-nope dept.

pdcull writes "We all read on Slashdot about the investment banks using their massive computer power and clever modeling techniques to predict the FIFA World Cup outcome. Now that Goldman Sachs's, UBS's and Danske Bank's favorite, Brazil, has been eliminated, and with JP Morgan's England long gone, the question that begs to be asked is: can we really trust these guys to predict the financial markets any better than they did World Cup?"

1 of 312 comments (clear)

  1. Look at the numbers first by Flavio · · Score: 5, Informative

    Goldman Sachs gave Brazil (the "favorite") only a 13% chance of winning the world cup.

    The fact that Brazil was eliminated is not at odds with the reports.