Vaniver comments on Open Thread August 31 - September 6 - Less Wrong

5 Post author: Elo 30 August 2015 09:26PM

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Comment author: D_Alex 01 September 2015 06:37:06AM 4 points [-]

Well... Scott Adams has a lot of money. I am willing to bet that Trump will NOT become president, at EVEN ODDS. Scott, if you read this, how about a wager? I propose a $10,000 stake.

Comment author: Vaniver 01 September 2015 01:52:21PM 6 points [-]

Scott, if you read this, how about a wager?

Despite his frequent comments that he's "betting" on Trump and that Silver is "betting" against Trump, Adams's position is that gambling is illegal when pressed to actually bet. This means one of the big feedback mechanisms preventing outlandish probabilities is not there, so don't take his stated probabilities as the stated numbers.

(In general, remember how terrible people are at calibration: a 98% chance probably corresponds to about a 70% chance in actuality, if Adams is an expert in the relevant field.)

Comment author: D_Alex 02 September 2015 02:24:25AM 4 points [-]

Despite his frequent comments that he's "betting" on Trump and that Silver is "betting" against Trump, Adams's position is that gambling is illegal when pressed to actually bet.

How convenient for him.

Comment author: satt 02 September 2015 01:48:26AM 1 point [-]

And Adams himself says the "smart money" is on Silver's prediction! I think Adams's prediction is more performative than prognostic, even allowing for ordinary unconsciously bad calibration.