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this post was submitted on 27 Jun 2024
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politics
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His methodology was better since he was right and Silver was wrong.
This is a perfectly succinct, textbook example of Outcome Bias.
Betting $1 with a 1 in 3 chance to win $2 is objectively a bad idea; the odds are against you. It doesn't stop being a bad idea if you win the $2 after 1 bet.
Nothing like one person being right and another being wrong in bringing the amateur philosophers out.
Tell me you don't understand directionally or literal numbers without telling me....
Tell me you don't know simple English without telling me...
Lol no that’s not how any of this works. If I flip a coin and correctly pick the outcome in 2024 will you start paying me to forecast elections?
Not how it works? That's exactly how it worked.
In one single election, yes. It means nothing, especially when you understand that his job is not to generate an accurate prediction, it’s to energize core supporters into donating to the campaign.
By the way, you can make the same argument in reverse—Trump always overperforms his polling right? If that prediction is accurate then Biden is absolutely going to get trounced. Now I don’t necessarily think this is correct, but it’s a slightly more sophisticated version of the fallacy you are falling prey to here.