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Re:Peter Thiel to Donate $1.25M in Support of Donald Trump by rconti on Sunday October 16, 2016 @12:42AM (#12716983)
You've cherry-picked the one outlier.

It's, of course, very possible that "this time it's different" as they say every time. He is certainly an unconventional candidate. However, I'll throw my lot in every time with the MANY polls who are trying to account for this, and the MANY poll aggregators who are trying to make sense out of this madness.

I think 538 was actually quite reliable during the primary season. Pretty much bang on, in fact.

Everything they said anti-trump was basically opinion and they have been roundly chastised (as deserved) for treating punditry as fact.

Re:Peter Thiel to Donate $1.25M in Support of Donald Trump by duncanawoods on Sunday October 16, 2016 @04:54AM (#12717702)
There was a good documentary on polling on BBC Radio 4 in light of their very weak performance in IndyRef and the UK General Election. One pollster said that he actually has a high regard for outliers which statistical aggregations do not capture. In cases where the majority of pollsters got it horribly wrong, there have been outliers at some significant distance from the herd that have been on the money but ridiculed at the time.

The reasoning is that pollsters have herd behaviours - they believe publishing an outlier they will lose them credibility so they suppress inconvenient results and will rework methodologies and weightings to avoid it. For many, election polling is a loss leader - its publicity to get their name out there for commercial services. The credibility of the outlier is increased because it has escaped the herd pressure despite the incentives.

Re:Peter Thiel to Donate $1.25M in Support of Donald Trump by ordu on Sunday October 16, 2016 @06:14AM (#12717891)
I think problem is deeper. If one predicts heads as result of coin toss and other predicts tails, than one of them will be right. It says nothing about their abilities to predict. We always can find some outlier who predicts results different from majority of pollsters. The keyword is 'always': if such a possibility always exists (probability of existence P=1), then we can't extract any information from it (-log_2 P == 0).

To extract information we need to carefully revise methodology behind outlier predictions, and such an activity is a complex task for skilled data analyst.