2023 chapter

Assessing the Effects of Expanded Input Elicitation and Machine Learning-Based Priming on Crowd Stock Prediction

By: H. Bhogaraju*, A. Jain*, J. Jaiswal* & A. Escobedo n

Source: ORCID
Added: December 9, 2023

The stock market is affected by a seemingly infinite number of factors, making it highly uncertain yet impactful. A large determinant of stock performance is public sentiment, which can often be volatile. To integrate human inputs in a more structured and effective manner, this study explores a combination of the wisdom of crowds concept and machine learning (ML) for stock price prediction. A crowdsourcing study is developed to test three ways to elicit stock predictions from the crowd. The study also assesses the impact of priming participants with estimates provided by an Long Short Term Model (LSTM) model herein developed for this context.