but it seems that even on LW people think winning on a noisy N=1 sample is proof of rationality
It’s not proof of a high degree of rationality but it is evidence against being an “idiot” as you said. Especially since the election isn’t merely a binary yes/no outcome, we can observe that there was a huge republican blowout exceeding most forecasts(and in fact freddi bet a lot on republican pop vote too at worse odds, as well as some random states, which gives a larger update) This should increase our credence that predicting a republican win was rational. There were also some smart observers with IMO good arguments that trump was favored pre-election, e.g. https://x.com/woke8yearold/status/1851673670713802881
“Guy with somewhat superior election modeling to Nate Silver, a lot of money, and high risk tolerance” is consistent with what we’ve seen. Not saying that we have strong evidence that Freddi is a genius but we also don’t have much reason to think he is an idiot IMO.
It’s not proof of a high degree of rationality but it is evidence against being an “idiot” as you said. Especially since the election isn’t merely a binary yes/no outcome, we can observe that there was a huge republican blowout exceeding most forecasts(and in fact freddi bet a lot on republican pop vote too at worse odds, as well as some random states, which gives a larger update) This should increase our credence that predicting a republican win was rational. There were also some smart observers with IMO good arguments that trump was favored pre-election, e.g. https://x.com/woke8yearold/status/1851673670713802881
“Guy with somewhat superior election modeling to Nate Silver, a lot of money, and high risk tolerance” is consistent with what we’ve seen. Not saying that we have strong evidence that Freddi is a genius but we also don’t have much reason to think he is an idiot IMO.
Okay fair enough “rich idiot” was meant more tongue-in-cheek—that’s not what I intended.