Discussion of precognition in the journal Psychology of Consciousness

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(2018-07-02, 11:02 PM)Chris Wrote: Vortex pointed out that all the issues of the Journal for Scientific Exploration are now available online. In the current issue is a paper entitled "An Ethnographical Assessment of Project Firefly: A Yearlong Endeavor to Create Wealth by Predicting FOREX Currency Moves with Associative Remote Viewing" by Debra Lynne Katz, Igor Grgic and T. W. Fendley.

From the abstract:
More than 60 remote viewers contributed 177 intuitive-based associative remote viewing (ARV) predictions over a 14-month period.
...
Investors, many of whom were also participants (viewers and judges), pooled investment funds totaling $56,300 with the stated goal of “creating wealth aggressively.” Rather than meeting that goal, however, most of the funds were lost over the course of the project.
Sad

Debra Lynne Katz, the first author of that paper on "Project Firefly" wrote a review of "The Premonition Code" by Theresa Cheung and Julia Mossbridge earlier this year. Marty Rosenblatt, one of the organisers of Project Firefly, is quoted in the book as claiming stellar results in subsequent years (Firefly was terminated at the end of 2015):
". . . in the case of APPI . . . from the years 2015 to 2017 . . . the funds under management produced annualized returns of 63 per cent in 2015, 155 per cent in 2016, and 22 per cent in 2017. That’s using all of their precogs—when just the best performers are included, annualized returns averaged 215 per cent. That doesn’t tell us whether in the next year these numbers could go south, but it does tell us that there is a decent track record."

Katz asks why the book quotes only this claim of success, without mentioning the earlier failure of Firefly. (However, the paper on Firefly by Katz et al. appeared only six months before the book, so perhaps it had already gone to press by that time?)
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