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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?"

2 of 312 comments (clear)

  1. Re:We have to! by blind+biker · · Score: 1, Offtopic

    A better analogy would be if Goldman Sachs was allowed to pick the players for each team, and put all the worst players into Brazil. Then sell all their customers bets for Brazil to win while simultaneously betting against them.

    Oh yeah, t hanks for reminding me: is anyone in GS going to federal pund-in-the-ass prison for that? The Gulf of Mexico oil spill (courtesy of BP) diverted the people's (including mine) attention from the GS crooks.

    --
    "The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
  2. Please, Please, Please Mod-up by bmsleight · · Score: 0, Offtopic

    Stop on.
    Linker was always under-rated.