this post was submitted on 03 Aug 2024
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[โ€“] Dave@lemmy.nz 35 points 3 months ago (5 children)

As an example, Varoufakis imagined a game where you might get "brownie points or credit points if you predict next month's inflation rate more accurately than the Fed."

I find it hard to believe that there is real value under that.

The player that predicts it best is unlikely to be a great forecaster. They are likely to be a statistical anomaly that comes from having millions of people make uneducated guesses.

But hey, maybe there is something there and they just didn't explain it enough?

[โ€“] RootBeerGuy@discuss.tchncs.de 10 points 3 months ago

Yeah agreed, every month its going to be a different person who is right. You won't know who until you know the rate of that month. How is that helpful?

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