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Douglas_Knight comments on Open Thread May 23 - May 29, 2016 - Less Wrong Discussion
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Betfair says 5%. I'm not saying you shouldn't second-guess prediction markets, but you should look at them. If you think the right number is 25%, maybe you should put money on it. Actually, I do say that you should second-guess them: low numbers are usually over-estimates because of the structure of the market.
I don't know the right number; I just used it as a set point rather than saying "Can he win?" and getting "Well TECHNICALLY..." Thanks for the reply; I'll keep current sleep patterns ;)