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I have so little faith in polls anymore. I know Silver and others try to patch over the shortcomings by analyzing multiple polls and running weighted probability equations on them and so on. But I always think of GIGO: garbage in, garbage out.
And of course, probabilities are just that: probabilities. So if they say candidate X has a 75% chance to beat candidate Y, that means candidate Y still wins 25% of the time. Which is much higher than we intuit when we just look at the 75%. Anybody who's rolled a 1d4 in D&D knows that 1 will come up more than we'd like.
Allan Lichtman's analysis is more interesting to me. He's been right 9 out of 10 times. Which certainly doesn't mean he'll be right this time. But I think it's cool that he ignores polls. I wonder if his methodology, while very clever, may not be up to date for 2024 with all the weird shit going on with judges, electors, etc. The "meta issues", if you will, around his "Keys to the White House."
https://en.wikipedia.org/wiki/The_Keys_to_the_White_House
LIke... Yeah. It's crazy to me how many people think "75%" means "that person will win" and then blame the polls if they don't. People do this all the f'ing time with the weather as well. "They said it would rain!" when, in fact, they said there was a 80% probability that it would rain.
Yeah it's true. Though with weather its more egregious, we have a huge dataset to test weather predictions vs weather results against, to test the accuracy of models.
Our ability to test election forecasting percentages is limited to a dataset too small and too different year-to-year to call it tested. So, it really is much less grounded in empirical reality than weather forecasting. It's mathematical voodoo, in my eyes closer to numerology than science.
You're right - and the predictions are quite accurate for 24-48 hours out. The thing is - if you say "there is a 90% chance of rain" then you would expect that 1 out of 10 times it would rain. If it rains all 10 times then your probability estimate was wrong (it was 100% chance of rain). At least over a large sample set.
Nate actually goes into this quite a bit in his book The Signal and the Noise.
I can't imagine anyone being accurate in a world where a growing percentage of people are disconnecting from traditional media sources.