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Re:XKCD's Randall Munroe runs Monte Carlo on Intrade's per-s... by mattmaroon on Saturday October 04, 2008 @05:41PM (#323674)
I'm curious how he modeled it. Do actual results follow a bell curve with prior polling as the median and some well-known standard deviation? If so, it would explain why a 10% lead in the polls is considered nearly insurmountable in a given state. I know that if someone is polling at 60-40 in terms of voters, their odds of winning the state are much higher. I've heard 90% thrown out, but don't have any hard data.

Perhaps a better Monte Carlo would use polling data and that.

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