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by twelfthnight 739 days ago
True, I suppose my disagreement is that I believe it doesn't go far enough to explain how big of a deal it is, and how there _aren't_ ways to deal with it without substantial, subjective intervention from the forecasters.

I've worked on weighting code for online polls, they literally rely on dozens of hand picked decisions to stay "reasonable". These decisions aren't factored into the error bars, making them appear smaller.

And as far as the fundamental style predictions, how can you use a single GDP number when Fox tells its viewers one number and MSNBC tells its viewers another?

This article does describe a faithful statistical effort, but to me it doesn't emphasize the risk of a "black swan" event enough.

1 comments

Absolutely. But we’ve been past the “golden age” of polling using live callers on landlines for more than 20 years now. We now have a reasonable corpus of polling data that we can use to evaluate how good pollsters are at making the corrections (often educated guesses) that they use to adjust their polls.