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Based on your post, it appears that you don't understand how things like statistical significance work. If there is not enough data to make a prediction, you simply should not make a prediction and wait. If you ignore this and your whole business is based on the accuracy of your predictions, expect to be held accountable.

You also apparently didn't read his post I mentioned. It does not talk about just Romney. Here is the direct quote: "As for other Republicans in Massachusetts, their prospects don't figure to be much better."

Silver's whole failed business was based on what Taleb called the "Ludic fallacy" in The Black Swan.




"Based on your post, it appears that you don't understand how things like statistical significance work. If there is not enough data to make a prediction, you simply should not make a prediction and wait."

Silver doesn't make "predictions", he gives odds. Giving odds implicitly admits that there exists a chance of beating those odds, and attempts to quantify how big or small that chance is. Sure, improbable things happen. That does not make them not improbable. Really, if someone is giving probabilities, you don't just count how many times the lower-probability events happened against him, you take all of his 20% probabilities and look to see whether about 20% of them ended up happening.

Look at it the other way--if all of Nate Silver's "predictions" came true, he'd be way more wrong than if some of them didn't come true, because he's not predicting things with 100% probability! Of all the things he thinks are 70% likely to happen, he's just as wrong if 100% of them happen as if 40% of them happen--he's only right if 70% of his 70% shots happen!


You are absolutely and factually wrong. He absolutely calls them predictions when he is right. Here is a direct quote from Silver: "predicting 49 of 50 states correctly in the presidential election." http://fivethirtyeight.blogs.nytimes.com/2010/08/25/welcome-...


OK--he does, in fact, use the word "prediction", but on the same token, he's still fairly open about his predictions being probabilistic in nature, and about the predictions changing over time as more evidence is presented.

But you're going to have to do better than pounce on my word choice if you want to prove your point.




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