The Santa Fe InstituteImitation is the sincerest of flattery– Charles Caleb Colton , Lacon, volume I, no. 183 (1780 - 1832)

There are many who seek to emulate the success of others through mimicry. A paper of possible interest from the Santa Fe Institute:


In this paper we shall apply a variant of this idea to modeling the competition for customers in financial markets. We show that portfolio managers with no private information or special investment skills can generate returns over an extended period of time that look just like the returns that would be generated by highly skilled managers; moreover, they can do so without any knowledge of how the skilled managers actually produce such returns.

B) and further extending the idea of emulation (are you are a "genius" as long as you make money?)

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