Thursday, November 8, 2012

Politics and Statistics - March of the Nerds

The 2012 presidential election went exactly as predicted by the leading quantitative analysts.

"...it is inevitable that media coverage of politics will eventually follow the path taken by sportswriting, and that traditional pundits will be left out in the cold—just as there are ever-fewer members of the old guard, like the recently retired Joe Morgan, in baseball broadcast booths. After all, the campaigns have already been using advanced statistics for years. But it’s up to individual news outlets to determine the speed of progress. I hope to see many more references to weighted poll averages, quantitative win probabilities and betting-market odds in the pages of The Economist in the years to come."