I learned more from the reaction to Nate and 538’s forecasts than 538 itself. It helped me appreciate how journalists misunderstand and distort basic probability. If a model predicts A, B, and C as having 34%, 33%, and 33% likelihood respectively, the typical report is “538 predicts ‘A’ will win!” and they got it totally wrong when B or C is the victor. Interpretations of 538 were further fuelled by whatever political bias a pundit was coming from.
In a world where Kevin Rose can reboot Digg, Nate has every chance of acquiring and reviving 538. Good luck to Nate.
In a world where Kevin Rose can reboot Digg, Nate has every chance of acquiring and reviving 538. Good luck to Nate.