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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNate Silver: Aug. 16: Why I’m Not Buying the Romney Rally
http://fivethirtyeight.blogs.nytimes.com/2012/08/16/aug-16-why-im-not-buying-the-romney-rally/At the political futures market Intrade, shares in Mitt Romney have been a hot commodity this week. As of early Thursday evening, the bettors there gave Mr. Romney a 43.5 percent chance of winning Novembers election. Thats up from about 39 percent late last week, before Mr. Romneys announcement that Representative Paul D. Ryan of Wisconsin would be his running mate.
Our forecast model has usually been more bearish on Mr. Romneys chances than Intrade but it also shows him gaining ground over the past several days. It now gives him a 31.3 percent chance of winning the Electoral College, up from 26.7 percent late last week.
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What if we did include a vice-presidential bounce adjustment?
If so, it would probably be calculated as follows: since the average vice-presidential announcement has produced a four-point bounce in the polls, subtract four points from any poll conducted in between the naming of the running mate and the party convention. In order words, wed subtract four points from Mr. Romneys numbers in any poll conducted since he named Mr. Ryan on Saturday.
If I do that and run the model again, it has a rather pessimistic forecast for Mr. Romney giving him just a 24 percent chance of winning the Electoral College, rather than 31.3 percent as in the official version.
Dawson Leery
(19,348 posts)Ruby the Liberal
(26,219 posts)reformist2
(9,841 posts)unblock
(52,309 posts)the vice-presidential pick has historically been of trivial significance in terms of impact on the election.
and as the vice-presidential nominee per se, ryan will indeed have trivial significance in terms of such impact.
however, as the number two person on the rmoney fund-raising team, he's likely to have a rather large impact (although, fortunately, he's likely to have a favorable impact for the obama team as well!)
if he sways nobody's vote directly, he can still have a significant impact on rmoney's chances by brining in additional campaign loot.
i can't really fault silver for not addressing this concern, because his business is stuck relying on historical data and historical results to inform his model. it's not at all easy to quantify the impact of the changing rules of the game that make money so much more important than in the past.
vaberella
(24,634 posts)unblock
(52,309 posts)AndyTiedye
(23,500 posts)We can't beat them if they lock up those three states.
ProSense
(116,464 posts)to create the impression that there is a rally acknowledges that there isn't one.
CNN:
http://politicalticker.blogs.cnn.com/2012/08/16/cnn-electoral-map-wisconsin-moves-to-true-toss-up/
Gallup: Reaction to Ryan as VP Pick Among Least Positive Historically
http://sync.democraticunderground.com/10021127192
Ryan is dead weight, and it will only get worse.
Lex
(34,108 posts)whether there is one or not. I am not saying I'm not going to work hard to get Obama re-elected, but the media wants to push this breathless narrative about how it's so very close.
davidpdx
(22,000 posts)Laura PourMeADrink
(42,770 posts)be down the typical 4 soon? I don't get it
Lex
(34,108 posts)after the party's convention. It evens back out, iirc.
ProSense
(116,464 posts)best a one point bump. The average is four points. The math does not look good for Mitt.
Laura PourMeADrink
(42,770 posts)is what doesn't make sense. A bounce goes away..true. But you only lose what you gained. 1 for him. Relating a bounce of 4 (in terms of losing it) has nothing to do with him. they are mutually exclusive
outsideworld
(601 posts)Nate silver always calms them down