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"89% of the world's billionaires have not held or sought political office." Makes a far less interesting headline.
by olegious 3y ago
"89% of the world's billionaires have not held or sought political office."
Makes a far less interesting headline.
- haskellandchill 3y agowell taking what percent of the control group have held or sought political office and then making a comparison has potential
- _aaed 3y agoThey've only lobbied people who did
- tux3 3y agoI would like to quote from Wikipedia. The Base rate: It is the proportion of individuals in a population who have a certain characteristic or trait. For example, if 1% of the population were medical professionals, and remaining 99% were not medical professionals, then the base rate of medical professionals is 1%. The base rate for people who have never held or sought office is much higher than 89%. It's not enough to mirror the number around 100% to make a small number into a big number, you also have to compare with the base rate.