Showing posts with label gambling. Show all posts
Showing posts with label gambling. Show all posts

Thursday, August 8, 2013

"Booker's stake is a bribe."

"He gets money, the bribers er 'donors' or 'partners' get control and access over public policy, at the expense of the voters. This is blatant graft and of a type that used to be common in the late 19th century, which in so many ways our politics and economy seem to be moving back to."

That's the comment ranked highest by readers of the NYT's embarrassingly puffy piece on Cory Booker, "Tech Magnates Bet on Booker and His Future."

Here's the second-highest-ranked:
“Cory is the inspiration architect,” Ms. Ross said. “He really is the thought-leader soul part of the business.”

Translation: he does nothing but we're throwing money at him to buy influence.

And really? Yet another video sharing platform? The tech sector - which I suppose now includes 99% of everyone under 25-years-old - just keeps going deeper and deeper into the well in an endless feedback loop of self-aggrandizement but what they produce becomes less and less relevant or important to society. But they sure can market junk, can't they?
Here's Waywire, by the way(wire), so check for yourself if it's haywire. You can't tell from one look how long these items have been at the top, but the timelessness of the subject matter makes me think: a long time. I mean: "7 Great Beatles Performances," "Top 15 Most Patriotic Songs," "30 Best Summer Songs"...? These seem to pre-date the Internet! But let's be fair and watch "Top News, August 8," which appears in the upper left-hand corner of the grid. It starts off (for me, now, anyway) with a grainy 38 seconds of a guy in a suit drawing all the pingpong balls for a set of Powerball numbers. (That fits with "betting on Booker.") It then proceeds to another video, a minute of Obama on Leno, then another (showing "Suffering in Syria"), then something about Egypt, something about Dustin Hoffman, something else about Egypt, and ending the run through the top news that you need to know today, August 8th, with "Toddler Beaten to Death by Foster Mother." We see her sad face in a thumbnail.

I'm drawn back to the NYT article, which blithely drops the news: "Waywire has put Andrew Zucker, 15, the son of Jeff Zucker, president of CNN, on its advisory board and given him stock options." Kid luck. It's a crapshoot.

Saturday, January 26, 2013

"In some cases, [Nate] Silver tends to attribute successful reasoning to the use of Bayesian methods..."

"... without any evidence that those particular analyses were actually performed in Bayesian fashion."
For instance, he writes about Bob Voulgaris, a basketball gambler,
Bob’s money is on Bayes too. He does not literally apply Bayes’ theorem every time he makes a prediction. But his practice of testing statistical data in the context of hypotheses and beliefs derived from his basketball knowledge is very Bayesian, as is his comfort with accepting probabilistic answers to his questions.
But, judging from the description in the previous thirty pages, Voulgaris follows instinct, not fancy Bayesian math. Here, Silver seems to be using “Bayesian” not to mean the use of Bayes’s theorem but, rather, the general strategy of combining many different kinds of information.

Wednesday, January 9, 2013

Is Nate Silver "concerned that during future elections, the accuracy of your predictions will lull readers into a mindset of 'it has been foretold, therefore I needn’t bother to vote'"?

Yes, "a bit."

Did Nate Silver "enjoy getting the ire of pundits (not the few who actually critiqued your method, models, or assumptions, but those who just dismissed your work wholesale)"?
At some point in the last few weeks of the election, I guess I decided to lean into the upside outcome a little bit in terms of pushing back at the pundits in my public appearances — as opposed to emphasizing the uncertainty in the model, as I had for most of the year....

Stupid poker analogy: part of playing well is in maximizing the amount of value you get from a hand in the event that things go well, in addition to mitigating your losses if they don't.