It's shockingly common nowadays to advertise things with an upper limit, rather than something like expected value. They're just saying, "we won't tell you what it is, but there's no way it's more than this". Bizarre that it seems to be effective.
Sure sounds better than "some amount of MB/s"! :D
But, the cable company doesn't disappoint -- since I can't find the price of an upgrade without calling, nor mention of upload speeds.
It’s estimated because they don’t know exactly how many tickets will be sold leading up to the next drawing. I’ve not tracked it, but the times I’ve seen, were under 1-2 percentage points. If it bothers you that they said “estimated $55M” and instead you win $54,333,187.42, is it really that bad?
If you don't know the answer, underestimate and overdeliver. Or consider whether you should be doing it in the first place.
We are talking about a state government backed lottery, not a business.
> If you don't know the answer, underestimate and overdeliver.
Make up your mind, is estimating bad or not? The example I gave isn’t the only possible outcome, some times it’s 1-2% more than quoted when more tickets were sold.
And even then, it's perfectly consistent to say that estimating is only OK if it doesn't make you look better than reality.
It's anti-democratic, and anti-capitalist to allow misinformation on products. Markets can't optimise if you allow misinformation.
This overestimates support because you're vague on what the policy actually is, so everyone thinks that it's going to be their preferred variant being implemented. See: the brexit vote which got a majority vote for "yes", but in reality the none of the individual proposals got majority approval.
Brexit was only a policy question if you combined two different questions. “Should we stay in the EU?” and “What kind of foreign policy should we have?” People answering Yes to the first question also had plenty of diversity in how they wanted to answer the second question.
Yes, if you're only allowed to vote for a single option. If you're allowed to vote yes/no for each option, or rank them from best to worst, then this problem doesn't happen.
Well, you can ask your representative to represent you, right?
I live in a place with direct democracy and it's much less regulated than the UK. Therefore the link between having the ability and actually regulating more is not obvious to me.
> anti-democratic, and anti-capitalist to allow misinformation on products
Is it though? I mean, it might be bad, but I don't see how it's necessarily anti-democratic, as it has little to do with the governance model.
Otherwise, probably not wonders at all.
0 - https://news.uchicago.edu/story/us-prison-labor-programs-vio...