I find the modeling super useful, many conventional media outlets still donât properly communicate probabilities to their audience. For instance, I vividly remember the following exchange between Nate and some news anchor in during one of the 2016 conventions:
Anchor: So Nate, you say Trump has a 25% chance of winning, can you tell us exactly what that means?
Nate: Sure. So imagine I flipped two quarters, and they both came up heads. In that scenario, Trump wins.
Anchor: (shocked) Wait but thatâs⊠thatâs a thing that actually happens! Youâre saying Trump has an actual chance of winning?
Nate: Well Iâd rather be Hillary than Trump right now, but yes, people shouldnât be that surprised if Trump wins, his chances arenât insignificant.
I remember people in October still saying that Nate had to be wrong, that there was just no way Trump could win. There was even a growing market for what I would now call âcope forecastsâ that âunskewedâ the results to show that, really, Hillary had a 99% chance of winning, just like you knew she did (all of these people looked extremely foolish after the election was over).
I also feel like good models provide valuable pushback against media narratives that try to characterize the âclosenessâ of a race. In 2016, people wanted to hear that Trump had no chance of winning, but Nate/538 correctly pushed back that the race was actually pretty close and both candidates had a good chance. And he did the opposite in 2012: Pundits wanted to cast Obama and Romney as being neck-and-neck (which makes for a more exciting story) and Nate had the stats to push back that actually the race was not very close at all. If Romney had won in 2012, Nate wouldâve had to eat crow, but Romney didnât win.
Nate and 538 also do senate races, which are super valuable if youâre figuring out which candidates to donate money to. Often there are Democratic candidates in totally doomed races against Republicans I really donât like, and the data helps me look at those situations and go âyeah I hate Lindsey Graham, but his challenger has no chance, Iâm going to donate to the milquetoast Nevada senator whose race is on a knifeâs edge insteadâ.
I could probably just look up polls, but the way Nate/538 process the polls into results with error bars and probabilities makes it a lot easier to reason about.
I see this argument a lot, but it's contradictory. You're simultaneously arguing that people don't understand statistics because they're treating a 25% chance as no chance to win, but then you're doing the same by saying that the other predictions, in the 15% to 2% range[1] are "cope forecasts" that people who followed them "looked extremely foolish" (the only major 99% forecast was PEC, but Wang said that's because the model broke down and the actual forecast was around 5% [1]).
25%, 15%, 5%, even 2% chances happen with a decent amount of frequency. I don't understand how people can say that people don't understand probability because they think a 25% chance won't happen, but then turn around and treat a 15% chance the very same way.
[1] https://www.nytimes.com/interactive/2016/upshot/presidential...
[2] https://web.archive.org/web/20171120175008/https://election....
MostlyStable
today at 3:59 AM
I agree with basically this whole comment, but the sad/ironic/whatever part of it is though even though Nate Silver was doing the thing you are describing ("actually, Trump has a real shot of winning"), afterwards he got constantly dinged (either by people incorrectly conflating him with the 99% models, or by people who just didn't actual listen to him) for "getting it wrong" because he "only" gave trump a 30ish % chance of winning.
I still come across it every once in a while and it probably has the highest ratio of level of infuriating-ness to low-value of the stakes of the opinion of just about any political opinion I can think of.