I see this argument a lot, but it's contradictory. You're simultaneously arguing that people don't understand statistics because they're treating a 25% chance as no chance to win, but then you're doing the same by saying that the other predictions, in the 15% to 2% range[1] are "cope forecasts" that people who followed them "looked extremely foolish" (the only major 99% forecast was PEC, but Wang said that's because the model broke down and the actual forecast was around 5% [1]).
25%, 15%, 5%, even 2% chances happen with a decent amount of frequency. I don't understand how people can say that people don't understand probability because they think a 25% chance won't happen, but then turn around and treat a 15% chance the very same way.
25%, 15%, 5%, even 2% chances happen with a decent amount of frequency. I don't understand how people can say that people don't understand probability because they think a 25% chance won't happen, but then turn around and treat a 15% chance the very same way.
[1] https://www.nytimes.com/interactive/2016/upshot/presidential... [2] https://web.archive.org/web/20171120175008/https://election....