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#69 - Contra Scott Alexander on Probability

Increments

CHAPTER

The Nuances of Probability and Forecasting

This chapter explores the technical intricacies of probability and forecasting, distinguishing between marginal and conditional guarantees in statistical predictions. It critiques the reliability of so-called super forecasters while emphasizing the importance of context and credibility in interpreting probabilistic data, especially regarding political outcomes. The dialogue underscores the risks of equating probability figures with concrete outcomes, advocating for rigorous statistical methods over subjective belief systems in decision-making.

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