For visual thinkers, here's an explanation. of how he wins: https://www.youtube.com/watch?v=9R5OWh7luL4 …
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Scott - Damn, that is great stuff.
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:-) :-) :-) The sports "handicapping" tout "services" have this scam down to a (climate) science. ;-)
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That was disappointing. :-(
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A company guarranteed that if you invested in their "fund" in 15 yrs, if you didn't make $, you got your investment back.
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What they did was take your $, buy US Govt Savings Bonds, then played with the remainder.
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- So are you saying most climate prediction models are wrong and just one or two (out of hundreds) get it right?
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- My finance professor in Biz School had a similar approach: invent 1 million aliases and replicate a binomial distribution
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- Kind of funny, but not really helpful. We're past that point, Scott.
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