News for hackers. Stuff that matters.

A comment on Palantir worked with Cambridge Analytica on the Facebook data it acquired. Parent comment

Re:Palantir worked with Cambridge Analytica on the Facebook ... by wpasc on Tuesday March 27, 2018 @04:30PM (#16692460)
Odds like that are meaningless (imo) for singular events. It's a good bet in repeatable scenarios, far less so in elections.
[ Parent | on HN ]
Re:Palantir worked with Cambridge Analytica on the Facebook ... by eloff on Tuesday March 27, 2018 @04:49PM (#16692602)
When you take a bet, you play the odds. You evaluate your expected return should you take many such bets, and if it's positive and you can afford to lose, the smart money is in taking the bet.

In fact this is true of most anything you do in life - when you drove to work this morning you played the odds and the wager was your life against your salary. I'm sure you didn't think about it that way, but you took the bet

[ Parent | on HN ]
Re:Palantir worked with Cambridge Analytica on the Facebook ... by saalweachter on Tuesday March 27, 2018 @05:19PM (#16692816)
Both insurance companies and bookmakers are comfortable aggregating over many unique events.
[ Parent | on HN ]