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Godhumor

(6,437 posts)
Fri Oct 28, 2016, 08:05 PM Oct 2016

Nate Silver prediction: 1% change in polls

Betting markets have Clinton win probability falling from 81%->76% post FBI. Equivalent to anticipating roughly a 1-point drop in the polls.
https://twitter.com/NateSilver538/status/792150177259937796

And he also said this about the frenzy:

The FBI story also broke at the exact time when the media was eager for a dramatic twist/complication in the "Clinton coasts" narrative.
https://twitter.com/NateSilver538/status/792154084698689537

10 replies = new reply since forum marked as read
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Nate Silver prediction: 1% change in polls (Original Post) Godhumor Oct 2016 OP
Yeah, cause sexual assault and overturning democracy BainsBane Oct 2016 #1
About right I think. MineralMan Oct 2016 #2
According to Rick Wilson there is one more outstanding scandal for Trump, and it's big Loki Liesmith Oct 2016 #3
weeee!! Madam45for2923 Oct 2016 #5
yes he has actually said there might be several Tom Rivers Oct 2016 #7
He's actually said he had the story and gave it to someone else. Loki Liesmith Oct 2016 #8
While I agree with what Silver is reporting… regnaD kciN Oct 2016 #4
Exactly Awsi Dooger Oct 2016 #6
the markets are highly accurate imo radius777 Oct 2016 #9
This could derail the surge to get the senate Cosmocat Oct 2016 #10

BainsBane

(53,038 posts)
1. Yeah, cause sexual assault and overturning democracy
Fri Oct 28, 2016, 08:07 PM
Oct 2016

just doesn't pull in the ratings like they used to.

MineralMan

(146,320 posts)
2. About right I think.
Fri Oct 28, 2016, 08:10 PM
Oct 2016

And who knows what's next about Trump? All the cards are not showing, yet, I'm sure.

Loki Liesmith

(4,602 posts)
3. According to Rick Wilson there is one more outstanding scandal for Trump, and it's big
Fri Oct 28, 2016, 08:12 PM
Oct 2016

He (apparently) leaked it himself (along with Liz Mair), to *someone* and they are waiting on that someone to drop it

Tom Rivers

(459 posts)
7. yes he has actually said there might be several
Fri Oct 28, 2016, 08:52 PM
Oct 2016

that are out there, one in particular that will hurt trump with his base. i wasn't aware if wilson was the one that would leak it or if he just knew of something that would/could leak.

i'm not completely sure that he just isn't trolling trump supporters to cause them some anxiety, but i'm hopeful that he actually has something harmful on him and it'll come out before election day.

Loki Liesmith

(4,602 posts)
8. He's actually said he had the story and gave it to someone else.
Fri Oct 28, 2016, 09:01 PM
Oct 2016

It was in a tweet a few days ago. Sure, he might be spouting hot air, but I believe him. Maybe I shouldn't.

regnaD kciN

(26,045 posts)
4. While I agree with what Silver is reporting…
Fri Oct 28, 2016, 08:18 PM
Oct 2016

…please note that HE'S not calling for a 1% drop -- he's saying that his analysis of the betting markets suggest they're thinking that. But he has, on numerous occasions, expressed his skepticism about the accuracy of such markets.

 

Awsi Dooger

(14,565 posts)
6. Exactly
Fri Oct 28, 2016, 08:37 PM
Oct 2016

The betting markets are estimating. The direction of the move is obvious but not the scope. That is very typical when an unexpected variable shows.

Now the markets will hover until new relevant information surfaces, i.e. new batches of polls following Comey's statement.

Nate used the drop from 81% to 76% as a 1 point projected decline in Hillary's margin. If you want to look at it another way, it's like going from a 9.5 point favorite in an NFL game to 7.5 point favorite. Those would be the corresponding pointspreads for a money line (straight up) advantage of slightly above 4/1 (81%) to slightly above 3/1 (76%).

That is very similar to what sportsbooks would do when let's say a key player was suddenly injured and out of a game. A very good but not great quarterback is worth roughly 2 points on the line. So those sportsbooks would adjust the line 2 points, and then wait to see where the bettors take it. It's not much different than waiting for new polling to see where the voters are taking it.

radius777

(3,635 posts)
9. the markets are highly accurate imo
Fri Oct 28, 2016, 10:08 PM
Oct 2016

because they're a reflection of all information, logical and illogical, about how the public thinks, which ultimately are what elections are also about.

of course the market in question has to be a large/fluid market - betfair (which mainly operates in europe) is the only such market now that intrade is no longer around.

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