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Silent3

(15,909 posts)
10. As far "surely there must thousands of coin flippers with great prediction records"... wow, way to misunderstand...
Mon Jul 1, 2024, 12:13 AM
Jul 2024

...an analogy for illustrative purposes.

Of course actual coin flipping isn't going to be used by anyone (well, perhaps a few cranks) for making predictions. But there really will be a lot of people who think they've got mathematical models or a predictive formulas that actually aren't much better than a coin toss for accuracy. These are effectively mere coin tosses with fancy window dressing, or a bit better than coin tosses, but perhaps not by much.

I can't point to long lists of such people because the people who fail a lot naturally fall into obscurity. Only people who succeed quite a bit gain attention... but, unfortunately, it's practically impossible to know how many reach prominence by simply lucking out a lot.

At the time the following article was written, an elementary school had a 48-year-long record for correct election prediction, an even better record than Lichtman's, back in 2016 (I have no idea if they've extended that record since).

https://www.cbsnews.com/news/these-things-have-all-correctly-predicted-the-presidential-election-results-for-decades/

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