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February 10, 2004
Basic Decision Theory
Posted by Arnold
I look at Bush vs. Russert and conclude,
Decision-making under uncertainty means living with probabilities, not absolutes. Tim Russert needs to take a class in AP Statistics.
As an aside, I would note that people on the Right tend to be disappointed with Bush's performance and people on the Left tend to be disappointed with Russert's performance. I suspect that is because people on each side think that they are in a stronger position than they really are, and they are disappointed to find that that their side does not look impregnable.
I really hope that whoever wins the election in November, he does not get as demonized by the losing side as Bush has been by the Democrats. That is, I hope that if the Democrat wins, the Republicans don't engage in rage-aholic behavior, and conversely.
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