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I think it's fair to take that into account as well, but it's a different measure. One can be interested in accuracy independent of payoff (which of course woul
by grzm 9y ago
I think it's fair to take that into account as well, but it's a different measure. One can be interested in accuracy independent of payoff (which of course would be important in investing). A key piece that's missing is the number of failures. People pay attention to the successes.
- xkjkls 9y agoTrue, but valuations and predictions don't always follow a simple "right vs wrong" paradigm.