1) One last note on .
In general, they've done well.
Tonight was not their best moment.
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2) Going into the election, they'd have to be off by 5% nationally for Trump to win: projects.fivethirtyeight.com/2020-election-
In fact, it looks like Biden will win, as they predicted.
electionbettingodds.com
But it looks like a ~1% swing nationally would make it a dead heat.
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5) Prediction markets, for instance, had Trump around 35% going into the election.
ftx.com/president2020
If you take 538 and shift it by enough so that Trump is 35% to win, you'd have to shift it by... about 3.5%.
Which is pretty close to how much 538 was off by.
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6) None of this proves anything!
But it is at least a datapoint in favor of "prediction markets were about right going in, 538 was way too low on Trump".
That's not the only possibly narrative.
But it seems like the obvious one.
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7) All of which would have been ok, except that didn't say "yeah prediction markets are cool too, idk, ours is just a model, it's unclear what's right".
He said this:
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8) And, now, when presented with a bit of a miss, his response is...
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LOL to all of you who gave 538's model shit for producing really weird maps every now and then.
Show this thread
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I think this is clearly not true. Trump seems like he's going to lose. So if anything, compared to perfection, 538 was too high on Trump.