Will Nate Silver's default 2024 Senate model use expert ratings (be “Deluxe”)?
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Sep 1
39%
chance

I made a market on whether FiveThirtyEight's default model would, thinking its model and Silver's would be one and the same. But now it seems like FiveThirtyEight might be releasing G. Elliott Morris's model instead?

So, resolves YES if Nate Silver's default 2024 Senate model, whoever publishes it (the version he promotes most) incorporates expert race ratings in any way, and NO if it doesn't. Resolves N/A if no one publishes Silver's forecast.

Relevant markets (note that Nate may release a model but not the Senate model):

Quote from this article by Nate Silver from February:

"Given that the Deluxe forecasts haven’t really outperformed Lite or Classic since we introduced the current version of the model in 2018, there’s a question of what utility they serve. In principle, the expert ratings used in Deluxe can add a lot of value by considering measures of candidate quality that may be hard to spot in objective indicators, or because the groups that publish these ratings have access to inside information such as internal polling. But they can also introduce a subjective or 'vibes'-based element, which certainly didn’t help in 2022.

There’s also a potential issue of recursiveness. If the expert groups partly look to the FiveThirtyEight forecast for guidance in how they rate races, but the FiveThirtyEight model in turn uses the expert ratings, the two methods become less independent from one another.

I’m not sure what we’ll do about Deluxe quite yet, but it’s a fairly close call between keeping things as is, scrapping the Deluxe forecast, and keeping Deluxe but making it a secondary version and Classic the default version."

General policy for my markets: In the rare event of a conflict between my resolution criteria and the agreed-upon common-sense spirit of the market, I may resolve it according to the market's spirit or N/A, probably after discussion.

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