• @[email protected]
      link
      fedilink
      215 months ago

      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?

        • @[email protected]
          link
          fedilink
          95 months ago

          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.

    • ObjectivityIncarnate
      link
      fedilink
      205 months ago

      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.