The Market for Predictions

by Henry on August 25, 2009

Andrew Gelman and John Sides have a “very good piece”:http://bostonreview.net/BR34.5/ndf_election.php at the _Boston Review_ on the reasons why journalists and pundits got so much about the 2008 presidential election wrong, with responses by Rick Perlstein, Mark Schmitt and others. In their response to the response, John and Andrew say:

bq. Will these efforts get political scientists invited to Joe Scarborough’s kaffeeklatsch? Probably not. The media ecology fetishizes novelty in reporting and certainty in commentary. And yet the academic study of elections shows that what is certain is almost never new, and what is new is almost never certain. We might only bore Fox & Friends with our scholarly qualifications and caveats, or simply look foolish trying to present our research in soundbites. [click to continue…]