Haven’t riots been going on in Greece pretty regularly? (eg, 11/2009) Did you put at 50% the chance that the riots in Greece would stop? Maybe it was reasonable to put at 50% the chance that the riots would stay at 2009 levels and 50% the chance that they would go back to 12/2008 levels, but it’s not clear that “significant” should mean that.
Yes, Greece had riots in 2009. I expected increased civil unrest in developed countries in 2010. My impression is that there is more civil unrest in Greece now than there was last year but I don’t know how to objectively measure that which makes me think I was not specific enough with my prediction in this case.
Since nobody took the other side of the bet it doesn’t matter too much. I’m more interested in how my investments pan out as they represent real bets on my predictions—it’s not much use being right if you can’t turn it into profit.
Haven’t riots been going on in Greece pretty regularly? (eg, 11/2009) Did you put at 50% the chance that the riots in Greece would stop? Maybe it was reasonable to put at 50% the chance that the riots would stay at 2009 levels and 50% the chance that they would go back to 12/2008 levels, but it’s not clear that “significant” should mean that.
Yes, Greece had riots in 2009. I expected increased civil unrest in developed countries in 2010. My impression is that there is more civil unrest in Greece now than there was last year but I don’t know how to objectively measure that which makes me think I was not specific enough with my prediction in this case.
Since nobody took the other side of the bet it doesn’t matter too much. I’m more interested in how my investments pan out as they represent real bets on my predictions—it’s not much use being right if you can’t turn it into profit.