Health

Skewing my winnings

Gene ExpressionBy Razib KhanSep 29, 2012 4:42 AM

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Last spring I made a bet with a friend that Mitt Romney would win. He gave me 5:1 odds, and I assumed a 40% chance that Romney would win. So I expected to lose, but if I won I'd win big. At this point I assume I'm out that money, because I'd put Romney's chances at less than 40% (though I think people underweight uncertainty, so I believe there's a lot of variation in this prediction). But now I'm hearing/reading that many Republicans are under the impression that the polls are skewed. If you believe that the polls are skewed would you be willing to bet money that the polls are skewed? Specifically, I want to wager that "unskewed polls" turn out to be further off the mark than the regular polls in reference to the final election results. I'm not 100% sure that the pollsters are correct, and I don't know more than a superficial amount as to the weighting methodologies, but the track record of skew-skeptics is suspect enough that I think this is a way I can make money off people who I perceive to be suckers. Of course, the people who I perceive to be suckers think I'm the sucker, which is fair enough. Take my money! Please speak up in the comments if you want to make a bet. I'd want it to be public, and you have to put your real name out there. Also, I want to know if you'll give me some odds, because I assume you are moderately confident in your assessment that the polls are skewed.

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