20% happens about 1 in 5 times. I know that's snarky wording but 20% shots come though constantly in daily life.
I think as humans we are really bad at intuition about probabilities, and it being an election only makes it much worse. I don't think anyone is consciously conflating these with poll numbers but percentages of voters are the numbers we see a lot more than prediction markets, and 80% is idunno an 80% chance of getting between 50% and 54% of the vote or something.
I think as humans we are really bad at intuition about probabilities, and it being an election only makes it much worse. I don't think anyone is consciously conflating these with poll numbers but percentages of voters are the numbers we see a lot more than prediction markets, and 80% is idunno an 80% chance of getting between 50% and 54% of the vote or something.