In 2022, Dem strategist Simon Rosenberg flatly asserted that there would be no “red wave” and the Dems would overperform expectations.
Nate Silver said the only way Rosenberg could come to that conclusion was that he’d been ingesting “hopium.”
Rosenberg was right. Silver was wrong (though he’ll die before admitting it).
Then Rosenberg started The Hopium Chronicles, which I suggest you read
Party strategists always say their party is going to do well. It’s part of their job. I don’t think this is particularly meaningful, unless you think there’s some particular methodology he has access to that’s better than Silver’s.
His methodology was better since he was right and Silver was wrong.
This is a perfectly succinct, textbook example of Outcome Bias.
Betting $1 with a 1 in 3 chance to win $2 is objectively a bad idea; the odds are against you. It doesn’t stop being a bad idea if you win the $2 after 1 bet.
Nothing like one person being right and another being wrong in bringing the amateur philosophers out.
Tell me you don’t understand directionally or literal numbers without telling me…
Tell me you don’t know simple English without telling me…
