I agree with your take on the old 538 model, but if you read Nate’s new substack it become pretty clear that he’s been ‘captured’. Almost all of his post seem to fairly anti-Harris in their biases and it feels like all of his writings are really meant for one person, that person being the owner of Polymarket who he has a very large consulting contract.
What these biases are doing to the Model I don’t know but the new model at 538 which was built from the ground up by other statisticians consistently trends about 10-20% higher odds for Harris taking the election.
Like I said, Nate’s definitely increasingly treaded into questionable territory in the past few years and I don’t have a sense for whether it’s impacted the model since I’ve honestly not been paying close attention to the horse race this cycle.
I was mostly pointing out that while the dude has almost always been a bad take generator, the 2016 model very arguably outperformed its contemporaries despite the popular view that they blew it. I wouldn’t be shocked if Nate’s sponsors and general ideological drift has impacted the model this cycle (*especially given Peter Thiel’s involvement), but I don’t have a strong sense for whether that’s the case either. I also wouldn’t be particularly surprised if he sufficiently separated the stats from the dumb ideas to produce a reasonable model either. I just don’t have enough info to have formed an opinion there.
I agree with your take on the old 538 model, but if you read Nate’s new substack it become pretty clear that he’s been ‘captured’. Almost all of his post seem to fairly anti-Harris in their biases and it feels like all of his writings are really meant for one person, that person being the owner of Polymarket who he has a very large consulting contract. What these biases are doing to the Model I don’t know but the new model at 538 which was built from the ground up by other statisticians consistently trends about 10-20% higher odds for Harris taking the election.
Oh, I don’t disagree at all.
Like I said, Nate’s definitely increasingly treaded into questionable territory in the past few years and I don’t have a sense for whether it’s impacted the model since I’ve honestly not been paying close attention to the horse race this cycle.
I was mostly pointing out that while the dude has almost always been a bad take generator, the 2016 model very arguably outperformed its contemporaries despite the popular view that they blew it. I wouldn’t be shocked if Nate’s sponsors and general ideological drift has impacted the model this cycle (*especially given Peter Thiel’s involvement), but I don’t have a strong sense for whether that’s the case either. I also wouldn’t be particularly surprised if he sufficiently separated the stats from the dumb ideas to produce a reasonable model either. I just don’t have enough info to have formed an opinion there.