Quote on Nate Silver, and how to think about probabilities

ChrisHallquist

If Mitt Romney wins on election day, it doesn’t mean Silver’s model was wrong. After all, the model has been fluctuating between giving Romney a 25 percent and 40 percent chance of winning the election. That’s a pretty good chance! If you told me I had a 35 percent chance of winning a million dollars tomorrow, I’d be excited. And if I won the money, I wouldn’t turn around and tell you your information was wrong. I’d still have no evidence I’d ever had anything more than a 35 percent chance.

Okay, technically, winning the money would be very weak Bayesian evidence that the initial probability estimate was wrong. Still a very good quote.

From Ezra Klein:

If Mitt Romney wins on election day, it doesn’t mean Silver’s model was wrong. After all, the model has been fluctuating between giving Romney a 25 percent and 40 percent chance of winning the election. That’s a pretty good chance! If you told me I had a 35 percent chance of winning a million dollars tomorrow, I’d be excited. And if I won the money, I wouldn’t turn around and tell you your information was wrong. I’d still have no evidence I’d ever had anything more than a 35 percent chance.

Okay, technically, winning the money would be very weak Bayesian evidence that the initial probability estimate was wrong. Still a very good quote.

I don't know much about the internals of his model, but I would say 'it depends.' I'm sure you can use his model to make predictions of the form 'given Romney victory, what should the final electoral map look like'?, etc, but I'm not sure if the public has that kind of access. Certainly questions like that can be used to probe the model after a Romney or Obama win. If either candidate wins 'in the wrong way' (i.e. carries the wrong states), its obviously stronger evidence the model is wrong than we could get from just Romney winning.

'given Romney victory, what should the final electoral map look like'?

He sometimes selected such maps in blog posts, and generally has one with all of the most likely outcomes, but these maps are not always-and-automatically publicly accessible, so far as I know.

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Quote on Nate Silver, and how to think about probabilities

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Quote on Nate Silver, and how to think about probabilities

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