originally posted by Jonathan Loesberg:
[...] Since 538 is an NY Times blog, by the way, it is commercial news as well.
I thought of this after posting, and you're right. Despite featuring his column, though, most NYT coverage is along the same lines you see in the Post, the LA times, CNN, ABC ... that the race is a tie.
Some of the stuff Silver does can hardly be so sophisticated as to exceed the grasp of regular professional statisticians - like aggregating and averaging data to reduce margin of error. I believe he runs multiple trials to achieve better estimates under the theory of large numbers, which also isn't terribly esoteric. I can't believe that, say, Chuck Todd couldn't replicate this kind of analysis. So my inner conspiracy theorist is wary. I imagine NYT embraces him (as long as he doesn't make bets on TV) partly because his confidence is provocative, partly to hedge their bets, while their headlines are all about the cliffhanger tie.
originally posted by Rahsaan:
originally posted by Ian Fitzsimmons: he is pleasingly transparent in his reasoning.
Transparent?
He's running simulations for elections based on models with tons of assumptions and of course he won't release the algorithms because they are proprietary. Fair enough, but it's not exactly adding signal to noise. Especially when his models show you the likelihood of Obama or Romney winning if there were thousands of elections, and in reality there is only one election with determining factors that he likely cannot capture.
Not to say that I'm opposed to him getting coverage. It's a step in the right direction. But he's also involved in a lot of oversimplification.
I take your point; what I mean is that he explains with decent clarity what he's doing, why, and how, at a technical level appropriate to a general NYT reading audience (with maybe a slight stretch). This standard of transparency naturally falls short of a scientific one, where the point is to enable reproduction of results. Even if he were not protecting proprietary algorithms, a thorough technical 'methods' section would drive off readership, don't you suppose?
Re: multiple trials, as above, isn't this a conventional technique to improve statistical estimation?
Re: simplification, all modeling and estimation is simplification - therein lies its value. Imo, Silver strikes a better medium between simplification and complexity than much of the other analysis I'm taking in.