Episode Transcript
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0:07
Welcome, everybody. Hope you had a good
0:09
weekend, a good Father's Day to those
0:12
who celebrated. We have
0:14
a major change to the
0:16
top 2024 election forecast. It's
0:20
the 538 election forecast and we're going to look at
0:22
it in a moment. And while the
0:24
change we have is major, we
0:27
also are very quickly going to learn
0:29
that you and I are not going
0:31
to be doing this every single day
0:33
from now until November, because the changes,
0:35
while monumental, also are a very limited
0:37
predictive value. So the news is that
0:39
after last week, 538 launched
0:41
their first 2024 presidential projection
0:44
forecast for this election. And
0:46
it had Joe Biden winning
0:49
by something like a 52 to 48. You
0:52
know, out of 100 simulations, Biden wins 52.
0:56
We now have a reversal in
0:59
which as of last night, it was
1:01
Trump, 51 Biden, 49, and it is
1:05
now Trump, 50 Biden, 49. Now
1:08
before we go further, you might say, hold on, that
1:11
doesn't add up to 100. Does that mean that there
1:13
might be some third party winner?
1:15
Does a third party candidate have a shot
1:17
at getting to 270 electoral votes? And
1:20
the answer is, of course, no, there is
1:22
a roughly one in 100 chance. It's
1:24
actually they say it's less than one in
1:27
100 that nobody gets to
1:29
270. There are a
1:31
couple of scenarios you can look at that
1:34
are 269 to 269. It's
1:37
not very likely all four of those
1:40
scenarios together represent less than 1 percent
1:42
of the totality of possible outcomes. So
1:44
what are the takeaways here? The
1:47
main takeaway, the primary takeaway
1:49
is, David, we're going to pat you on
1:52
the back, everybody, and give you an attaboy.
1:55
You've been saying I'm now I'm now
1:57
doing third person. I've been saying for
1:59
months.
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