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Yes, of course. I don't see that as very related to my point. For example, consider how 538 or The Economist predict elections. They might claim they'll use squared error or log score, but when it comes down to a big mistake, they'll blame it on factors outside their models.


Well, but at least 538 has a reputation to defend as an accurate forecaster. So they have some skin in the game.

(Of course, that's not as good as betting money.)




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