knb comments on Political impasse as result of different odds ratios - Less Wrong
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Comments (10)
You misunderstood what I was saying. I was referring to this:
The post conflates the outcome of an opinion poll of the general population with the beliefs of the Democrats and Republicans who will actually make big budget decisions. There is good reason to expect the professionals have more accurate expectations than a bunch of poll-taking amateurs. I wasn't saying that the politicians are more accurate than Intrade, I was saying they're more accurate than poll-takers. Actually, I wouldn't be surprised if a lot of politics professionals use Intrade to estimate probabilities.