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comment by wasoxygen
wasoxygen  ·  3091 days ago  ·  link  ·    ·  parent  ·  post: Pubski: July 20, 2016

    I'd put it at around 90%

I have seen evidence that you are a better Bayesian than I, but if I understand correctly this means that if you had to bet, you would be indifferent given the choice of betting for Clinton, paying 10-to-1 against, and betting for Trump, paying 1-to-10.

I think I would go for Trump at those odds.





b_b  ·  3054 days ago  ·  link  ·  
wasoxygen  ·  3051 days ago  ·  link  ·  

Fifteen days ago I bought 70 shares of NO in Will national polling give Gary Johnson at least 8% in a 4-way race on August 31?

I paid an average of 25¢ for the shares and could sell them now for about 90¢ each, as the authority puts his numbers at 7.8%.

I was encouraged by superforecaster Bryan Caplan who predicts that Johnson will win no more than 5% of the popular vote. Caplan says his technique is to 'Step back, calm down, look at the numbers, and target thinkers who say, "This time it's different."'

b_b  ·  3091 days ago  ·  link  ·  

Yes, to make it an attractive bet for me (on Trump), it would have to be 10:1. I would bet on Clinton at 1:3 and think it was a safe bet, if not a little boring for the low payout. Obviously betting at 1:10 is way more boring, but in the second part I was speaking as if I was a handicapper. Sorry for the confusion.

wasoxygen  ·  2973 days ago  ·  link  ·  

I just realized that superforecaster Bryan Caplan bet against Clinton nine months ago.

wasoxygen  ·  3091 days ago  ·  link  ·  

Wait, you said you would buy at 76% and sell at 90%. So your indifference point must be somewhere in between.

I think I am a little less confident than 76%, but not much.