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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA02353763: Charles, Noam Chomsky and Naive (DS11)

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The document continues the theme of analyzing language, probability, and investor behavior. It discusses Zipf distributions, criticizes the misunderstanding of probability in language papers, and characterizes investors as 'inexperienced' when responding to media pressures.

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Excerpt 1
of the old long term investors, ( skills of planning. executing etc) now confronted by media and pressured to make quick decisions. ie behaving like **inexperienced**
Excerpt 2
as many create or participate as you prefer. yangs work deals with language as signals. his reliance on Zipf like distributions is a good example of **naive**
Excerpt 3
like inexperienced short term traders. fyi I have read a great number of language papers. many if not most, misuse the concept of probability making **naive**

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