gjm comments on Rationality Quotes Thread March 2015 - Less Wrong

8 Post author: Vaniver 02 March 2015 11:38PM

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Comment author: gjm 11 March 2015 02:11:47AM 8 points [-]

You shouldn't give credit or discredit directly for correctness of predictions, if you have information about how those predictions were made. If you saw someone make their guess at tomorrow's Dow Jones figure by rolling dice, you don't then credit them with any extra stock-market expertise when it happens that their guess was on the nose; they just got lucky. (Though if they do it ten times in a row you may start to suspect that they have both stock-market expertise and skill in manipulating dice.)