3 ms·
We're not too far off. Main thng in original quote that bothered me was "So if Romney had won Florida, Silver would have been wrong, but ONLY A LITTLE WRONG."
by hsitz 10y ago
We're not too far off. Main thng in original quote that bothered me was "So if Romney had won Florida, Silver would have been wrong, but ONLY A LITTLE WRONG." Predictions of victory or loss are either right or wrong. There are not degrees of rightness or wrongness with the prediction; it's either right or wrong.
The probability analysis that the prediction is based on does admit of degrees; one probability assignment may be better or worse than another. But saying a prediction is "only a little wrong" implicitly refers to the probability assignment it was based on; it confuses the concepts of "prediction" and "probability". The probability assignment was not necessarily "wrong" to assign a higher probability to the event that didn't occur. It may have been a bad probability assignment, but discerning that would involve considering factors other than the outcome of the event.