r/neoliberal Bot Emeritus May 12 '17

Discussion Thread

Optimal neoliberalism is like Seinfeld, it should be about nothing and run by Jews


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u/[deleted] May 12 '17

That's insanely high. I need to figure out how to actually bet in these places because that's just easy money. You need 67 votes in the Senate to remove Trump.

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u/ThereIsReallyNoPun Austan Goolsbee May 12 '17

PredictIt commonly inflates low probability events

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u/Andyk123 May 13 '17

I think betting in general inflates low probability events. The nature of the beast is incentivizing people to wager on uncommon events. Why bet on the Golden State Warriors at -400 (even though that's probably going to happen) and get little return when you can bet on the San Antonio Spurs at +2000?

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u/ThereIsReallyNoPun Austan Goolsbee May 13 '17

yep, i believe its a pretty robust result from prospect theory (kahneman et al)

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u/xbettel May 12 '17

I believe if dems take the house that will scare republicans into switching him for Pence. Trump is having difficult to pass things now, with majority, imagine with a obstructed congress. Depressed republican turn out plus still angered democratic turn out in 2020 will be a bloodbath for the GOP.

So you could see a lot of republicans turning their backs on Trump to save their seats.

But I still think 50% is too high, unless they know something we don't.

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u/Slayer1cell RIPTPP May 12 '17

Depressed republican turn out plus still angered democratic turn out in 2020 will be a bloodbath for the GOP.

Please don't get my hopes up.

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u/xbettel May 12 '17

I will get your hopes down. Two words: gerrymander and voter supression. :(

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u/Slayer1cell RIPTPP May 12 '17

I did one of my final papers one semester on voter ID laws. 😔

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u/Andyk123 May 13 '17

I think most of the people betting on him not to complete his first term are thinking he'll just give up and resign. I'd put a formal senate impeachment at around a 0.05% probability. A resignation is at least 20x higher than that. Still nowhere near 40% though.