Specifically, this is about predicting which states end up voting for which presidential candidate.
(Default 538 model.)
How in the hell did it end up with 51%... Is this the the 538 model everybody is talking about? https://projects.fivethirtyeight.com/2024-election-forecast/ Did it get un-paywalled just recently, or something?
@StepanBakhmarin No it's not paywalled, but I think it's hard at this point to see what the probabilities were 1 week before the election, since it will now be showing the frozen model from the night before.
@nikki And what would that be, for those of us who don't know (including myself somewhat)?
Additionally, I wouldn't forecast Manifold to have a 2/3 chance of beating any other model either as a heuristic. I think the market is good in the ~40-55% range
@StarkLN https://stat.columbia.edu/~gelman/research/published/Harvard_Data_Science_Review.pdf
Bayesianism is not a good way to model tail events
@nikki I think I asked the wrong question. It would be better to ask: in what ways do Elliot's thinking majorly differ from Nate Silver's in a way that you think hurts the model. I didn't keep up with the Nate Silver Elliot Morris twitter stuff + it looks like most of it has been deleted by now.
@LarsDoucet I would advocate for "whatever the default model is displayed to a new visitor to the site", but would be nice to get that confirmed @IsaacKing.
@IsaacKing What probability would you say 538 had given for a state it predicted to be ">99%" likely to have a particular outcome?