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.)
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.
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.
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.)
How convenient for him.
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.