Human judgment and experience can play a role in the achent of stock market crash because:

Imvestors with an experience of financial crises are better at diversifying their porttotios.

Investors with an experience of financial crises are befter at staying out of the market in turbulent times.

Alot of people who have fred through financial crises have reported that, as a consequence of these crise and their narratives, their faiths in the market have diminished.

$$ Irwestors with an experience of fimancial crises are better at exploiting profit opportunitics.