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Third Door on the Left

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Fett42's picture
Submitted by Fett42 on

Just because there's a lot of variance and error and unknowns in statistical predictions doesn't mean they aren't useful or informative or better than nothing. Otherwise sports bookies wouldn't make so much money.

jemanji's picture
Submitted by jemanji on

As fetal heart rate is "better than nothing" at predicting baby gender.  As a full moon is "better than nothing" at predicting whether I'm going to be killed tonight.  ;- )

The problem comes when people take "better than nothing" and start depolying it with faux authority.  

"Using 2011 WAR to predict the 2012 AL West race" is better than tea leaves.  It doesn't mean I get to scoff at you if you reject my "better than nothing" paradigm and you are going to root for the A's to win the division.  Right?

.........

Not in your case Fett, but a lot of guys, you hear them scoff and laugh at people who disagree, and when you call them on it, they say "Well my logic is better than nothing."  FAIL.

..........

The bookies' odds are always informative, but the bookies themselves would not deploy them as dogma.  If they've got M's the M's a greater than 100:1 shot to win 90 games, I'll take some of that action ;- )

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