Men are mistaken in thinking themselves free; their opinion is made up of consciousness of their own actions, and ignorance of the causes by which they are condicioned. Their idea of freedom, therefore, is simply their ignorance of any cause of their actions
What is the price?
The price is a glass jar full of pennies. The question is if you can guess how many pennies contains, because that is what worth. Seems easy, right? However, this is the kind of problems that, as pick up James Surowiecki in his book Wisdom of Crowds, the group does better than the individual. As operators, we tend to overestimate or underestimate the exact amount of pennies the jar containing. In contrast, the average result of all individual estimates provides a result that is surprisingly close to reality. In fact, this number is the reality in Forex.
The game does not have any tricks: all the individuals watch the same jar, all the individuals share the same information; as it would occur in an ideal market situation in that no operator would take advantage of their access to insider information. In a zero-sum game means that, agree the model of economic rationality, no player would have a competi…