Mama told me not to come.

She said, that ain’t the way to have fun.

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  • 18 Comments
Joined 2 years ago
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Cake day: June 11th, 2023

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  • Yeah, here’s how I think about it.

    Let’s assume there are 10 candidates with a 1% chance to win each, and 9 candidates with a 10% chance to win each, as given by betting odds. Let’s also assume the odds are off by 2x for those bottom 10 candidates, and 1.1% point for the top 9.

    The smart move is to bet on the bottom 10 candidates because your expected return is much higher than expected.

    However, you still have an 80% chance of failure. That’s fine if you have enough instances to bet on, but you have maybe two or three in a lifetime. That’s not a high likelihood of winning long term, not to mention that most of your bets will fail even if you win once.

    But that’s me thinking from an investing perspective since I’m not a gambler.



  • The article doesn’t really state what your short summary states.

    The reason Polymarket bettors got the papal conclave result so wrong is that the event is extremely hard to predict, Domer, one of Polymarket’s top pseudonymous bettors, said on X.

    “It’s like walking into a store that doesn’t communicate with the outside world,” he said. “Not even the participants themselves would probably know how to handicap it.”

    Choosing a new pope isn’t an open process, so there’s very little information to go off of. Something like an election has a lot of public information, so those betting odds are more likely to represent the actual odds in the election.

    I really don’t think there’s much to learn here, other than that choosing a new pope is chaotic and the process isn’t very open.



  • It’s not new, it happened a lot on Reddit, and I get a bit of that in real life too.

    People are tribalist, and that sucks.

    For example, if you read Lemmy comments without any real world experience, you’d think everyone who voted for Trump hates brown people and wants poor people to die. But I have family and close friends who voted for that douchebag, and they are good people, they just thought he’s a better option (and they generally don’t follow politics too much). And I don’t blame them, Harris had a crappy campaign, basically promising the same bad policies Biden had, and Clinton before her was worse. Why should they be interested in politics if we keep getting poor options?

    People aren’t black and white. Yet we caricaturize them as such.



  • This fits with our understanding of personality disorders, which is that they are a small percentage of our society—around 10.5 percent, according to the recent DSM-5-TR.3

    Idk, I consider 10% to be pretty high. If you add in selection bias, you could get an actual majority in a community having personality disorders just because the non-jerks largely self-select themselves out.

    That said, I still think the conclusions here shouldn’t be taken at face value. The data was from surveys, and while I haven’t read their methodology, I would certainly hesitate to accept results of a survey for something like this (and for <10k responses). I personally find I’m more confrontational online, though I hope I’m generally still way more respectful than your common jerk.

    The results are certainly interesting though.