“When you have eliminated the impossible, whatever remains, however improbable, must be the truth.”
Whether your favourite Sherlock is Benedict Cumberbatch, Basil Rathbone, Jonny Lee Miller, or even (and, this is unlikely) Will Ferrell, he is a huge part of the collective cultural imagination. He is the regal, miserable, drug addled, and brilliant consulting detective we all wish we could be.
Despite giving deduction all the credit for his work, Sherlock and his sensible sidekick Dr. Watson actually use three types of reasoning to solve mysteries and catch criminals: deductive, inductive and abductive reasoning.
With deductive reasoning Sherlock starts with a hypothesis that examines the facts, allowing him to reach a logical conclusion.
Inductive reasoning allows him to formulate probable solutions from what is observed.
Using abductive reasoning, Sherlock sees some facts in the world and tries to come up with events that might explain them. Usually the most wildly unbelievable thing, which of course ends up being true.
Each method has its merits, but each can still draw incorrect conclusions if used without the others.
At Upside, we use each of these forms of reasoning every day, investigating from every angle. Leaving the crime solving to the experts, we are deducing what the best investments are, which is where our true expertise lies.
To help us on our journey, we have built a super smart bit of AI that investigates, weighs and measures these ideas for us. This machine takes observations from the market, and from its users’ reasoning, to help guide us all to make better predictions when investing.
Our ecosystem helps you to take calculated risks, to develop your sixth sense. How does it work? It’s simple. You do the thinking, we do the science.
The Upside is elementary, dear Watson.