Re:Nassim Talebs case against Nate Silver is bad math
by tim333 on Wednesday April 10, 2019 @10:05AM
(#19624724)
You can bet money on one off events. People and bookies do this frequently and you can see if they loose or win.
But the betting odds depend on how much knowledge you have - for someone with perfect knowledge the odds may be 0 or 1, if you know nothing you might guess 50:50 for practical purposes.
But the betting odds depend on how much knowledge you have - for someone with perfect knowledge the odds may be 0 or 1, if you know nothing you might guess 50:50 for practical purposes.