Apr 21, 2021
Jason Voss, CFA, CEO of Active Investment Management Consulting,
explains why body language does not work for detecting deception
and how Deception and Trust Analysis, or D.A.T.A., a
computer-driven, text-based deception detection method, can save
investment professionals time and resources.
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Topics discussed:
2:08 Do polygraphs work?
2:50 How Jason become interested in field of deception?
4:16 Why body language doesn’t work and the data behind it
5:41 What does work?
7:21 S.U.E and D.A.T.A.
9:06 Fraud versus deception
9:59 How the D.A.T.A. process works
13:54 Warcard database
15:15 Strong truth bias in the investment profession
17:55 Real-world applications for D.A.T.A for analysts and
investors
20:02 GameStop and short-sellers
22:07 Closing questions
One positive long-term impact as result from the pandemic
One item you would bring on a long NASA flight
Flight or invisibility
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Related articles and links:
Article: Financial Analysis and the Art of Lie and Fraud
Detection
https://www.institutionalinvestor.com/article/b14zbb72nrxsjw/financial-analysis-and-the-art-of-lie-and-fraud-detection
Brief: Detecting Lies in the Financial Industry: A Survey of
Investment Professionals' Beliefs
https://www.cfainstitute.org/en/research/cfa-digest/2016/01/detecting-lies-in-the-financial-industry-a-survey-of-investment-professionals-beliefs-digest-
Book: Lie Detection Guide: Theory and Practice for Investment
Professionals
https://www.amazon.com/Lie-Detection-Guide-Investment-Professionals/dp/1942713355
The Secret Life of Pronouns by James W. Pennebaker
https://www.secretlifeofpronouns.com/
Enterprising Investor article: Fraud and Deception Detection:
Text-Based Analysis
https://blogs.cfainstitute.org/investor/2021/02/15/fraud-and-deception-detection-text-based-analysis/
Deception and Truth Analysis homepage:
https://deceptionandtruthanalysis.com/
Jason’s most listened-to song: link to Johnny Osbourne's
"Murderer”
https://www.youtube.com/watch?v=fZzcV07D19w
CFA Institute members and charterholders Professional Learning
Tracker https://cpd.cfainstitute.org/
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Find Jason here:
LinkedIn: https://www.linkedin.com/in/jasonapollovoss
Twitter: https://twitter.com/theintuitinvest?lang=en
Find Lauren here:
LinkedIn: https://www.linkedin.com/in/lauren- foster/
Twitter: https://twitter.com/laurenfosternyc