• Xanis@lemmy.world
    link
    fedilink
    arrow-up
    2
    arrow-down
    1
    ·
    3 months ago

    A reminder, folks: That a mathematical justification must exist for polls to stay in business. They work off of weight ratios, and if one thing is more likely according to a calculation, they weight that and ratio the bets to be less profitable for those who bet on it.

    Polls attempt to weight real-world data and adjust using, you guessed it, mathematical justification. In general, counting the total number of people in a room is more precise than estimating a percentage and working in some flavor text.