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One reason why stock picking cannot work well in the long run is that:
Experimental Validity
The extent to which a study accurately reflects or assesses the specific concept that the researcher is attempting to measure.
Counterbalance
Counterbalance refers to a method used to reduce bias in experimental design by varying the order of conditions among participants to even out potential confounding variables.
Within-Subject Designs
Experimental designs where the same group of participants is exposed to each condition of the experiment, allowing direct comparison of different treatments or conditions on the same subjects.
Experimental
Pertaining to a method of inquiry involving controlled testing and observation to explore cause-and-effect relationships.
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