Friedberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
Let's all commit to hiring as many people as possible from non-traditional schools. Absolutely. I mean, that's what I do already. I mean, it's working.
I mean, I think these are really good businesses, but they are some combination of entertainment and gambling. I don't think that these things are as useful as directional indicators as they are just really interesting businesses that allow people to bet and wager on all kinds of random things. So I would not look to these sites for that necessarily. Okay.
I mean, I think these are really good businesses, but they are some combination of entertainment and gambling. I don't think that these things are as useful as directional indicators as they are just really interesting businesses that allow people to bet and wager on all kinds of random things. So I would not look to these sites for that necessarily. Okay.
I think that people like Nate Silver do a pretty reasonable job. In his specific case, I think he does a very good job of threading together and doing this meta-analysis of polls. But I think we've learned that this polling is pretty brittle and not super reliable. So the betting markets are exactly that. It's like sports betting, but just on different things.
I think that people like Nate Silver do a pretty reasonable job. In his specific case, I think he does a very good job of threading together and doing this meta-analysis of polls. But I think we've learned that this polling is pretty brittle and not super reliable. So the betting markets are exactly that. It's like sports betting, but just on different things.
I don't even know why any of this matters. Why are we talking about this?
I don't even know why any of this matters. Why are we talking about this?
I suspect, though, that I suspect that a lot of that is really at the edges. I read an article recently that just talked about the enormity of the investment that both the Democrats and the Republicans are making to get to these critical areas in these five critical states.
I suspect, though, that I suspect that a lot of that is really at the edges. I read an article recently that just talked about the enormity of the investment that both the Democrats and the Republicans are making to get to these critical areas in these five critical states.
And if you live in one of these zip codes that really matter, I think that there is just no room for anything but what each side is saying. I don't think you're looking at a betting market or a poll or any of this stuff. And I think the reason why these places have become so critical is that they are very balanced.
And if you live in one of these zip codes that really matter, I think that there is just no room for anything but what each side is saying. I don't think you're looking at a betting market or a poll or any of this stuff. And I think the reason why these places have become so critical is that they are very balanced.
They are people that have a good way of making sense of the world and they change their minds a lot, right?
They are people that have a good way of making sense of the world and they change their minds a lot, right?
They're people that underwrite and re-underwrite their decisions. And to me, that's actually a really wonderful thing to know that there are these, call it million people in these zip codes in five states that are actually quite thoughtful. And I'm actually okay that in the end that those folks will decide.
They're people that underwrite and re-underwrite their decisions. And to me, that's actually a really wonderful thing to know that there are these, call it million people in these zip codes in five states that are actually quite thoughtful. And I'm actually okay that in the end that those folks will decide.
I would be much more worried if it was hyper-partisan and set up in a way where none of these lies, whoever tells them, are uncovered. The way that it's set up today, all of the crazy ideas get run to the ground. All of the lies get uncovered. And I think that that's a really... healthy place. And I think it's a much better place.
I would be much more worried if it was hyper-partisan and set up in a way where none of these lies, whoever tells them, are uncovered. The way that it's set up today, all of the crazy ideas get run to the ground. All of the lies get uncovered. And I think that that's a really... healthy place. And I think it's a much better place.
So I'm generally like, really glad that things look like quote, unquote, a question mark, because I think it creates much more pressure for the candidates to be precise. And I think that that's very important. So I'd love to talk about some of these crazy policy things as well.
So I'm generally like, really glad that things look like quote, unquote, a question mark, because I think it creates much more pressure for the candidates to be precise. And I think that that's very important. So I'd love to talk about some of these crazy policy things as well.
You're picking up on something that I think is really important that I think has been underreported. It really is a tale of two different tickets. The Republican ticket, whether you like them or not, are very financially astute actors. And if you look at the Democratic ticket, they are underinvested to not invested at all in anything that would normally resemble the United States economy.