Re:Is Bitcoin a Bubble? Economists Say ‘Yes’
by PaulRobinson on Thursday December 14, 2017 @12:39PM
(#15924348)
The media were not running on data.
The data gave her 70%. We're in the 30% of universes where Trump won.
In this scenario, you might argue, these are just talking heads. But they are not being asked for a view in order to look popular on TV, they're looking at data and interpreting it in a way that they are happy to be professionally accountable for.
Wisdom of crowds in the context of talking heads shooting the odds on a media out is not going to be as accurate as wisdom of crowds for economists being asked about economic issues.
So, you know, be careful where you're drawing lines here.
The data gave her 70%. We're in the 30% of universes where Trump won.
In this scenario, you might argue, these are just talking heads. But they are not being asked for a view in order to look popular on TV, they're looking at data and interpreting it in a way that they are happy to be professionally accountable for.
Wisdom of crowds in the context of talking heads shooting the odds on a media out is not going to be as accurate as wisdom of crowds for economists being asked about economic issues.
So, you know, be careful where you're drawing lines here.