From Columbia mathematician Peter Woit at his blog, Not Even Wrong:
The “SUSY Bet” event in Copenhagen took place today, with video available for a while at this site. It appears to be gone for the moment, will put up a better link if it becomes available. An expensive bottle of cognac was presented by Nima Arkani-Hamed to Poul Damgaard, conceding loss of the bet. On the larger question of the significance of the negative LHC results, a recorded statement by Gerard ‘t Hooft (who had bet against SUSY), and a statement by Stephen Hawking (not in on the bet, but in the audience) claimed that if arguments for SUSY were correct, the LHC should have seen something, so they think nature has spoken and there’s something wrong with the idea.
The losers of the bet who spoke, (Arkani-Hamed, David Gross and David Shih) demonstrated the lesson about science that supersymmetry and superstring theory have taught us: particle theorists backing these ideas won’t give up on them, no matter what. They all took the position that they still weren’t giving up on SUSY, despite losing the bet. In more detail: More.
They can’t give up on the idea because they do not want to be forced to trudge down the road to reality.
See also: In search of a road to reality
Our solar system just right for life?
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