Monday, November 05, 2012

Statistics

People don't understand them.  The crap coming out against Nate Silver is mostly just people trying to change the narrative, but there is some element of it (and probably a large fraction among those who believe it) that is just not understanding what polling is or how statistics work.

A 76% (or, now an 86%) chance for an Obama victory actually indicates a pretty close election, not a landslide or a sure thing by any stretch.  If Obama had a 5% lead nationally his odds of winning would likely be well over 95% at this close date.  One day away and less than 90% indicates, to me, that the race is very close.  Just because the safer bet is with Obama doesn't mean it's not still a gamble.

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