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Overfitting: Past Explainers Fail Future Forecasts

Overfitting: Past Explainers Fail Future Forecasts

This article uses machine learning's overfitting concept from quant trading to explain why experts at rationalizing history often fail at predicting the future. It parallels complex models fitting noise with human biases from limited experiences, lacking generalization. Suggestions include isolating experiences and seeking counter-evidence for better decision-making.