Intentions vs expectations: A better predictor of outcomes

Livewire News

Livewire

A study by economists David Rothschild and Justin Wolfers looked at more than 50 years of data on voter intentions and voter expectations for US presidential races before 2008. They identified times when the voter intention and expectation questions predicted different candidates and tested which one was more accurate. It turned out that the question on voter expectations was correct in 78 per cent of cases when expectations and intentions disagreed. When researchers looked at Australian elections, they found polls of expected winners were right nine times out of ten, whereas surveys of voting intention only picked the winner four times out of ten. So why is asking people the question "who will win?" a more powerful predictor than "who will you vote for?" The researchers argue it's because asking voters for a prediction has the effect of greatly broadening the sample. It allows survey respondents to consider not only their views but also the attitudes of those around them. It's like taking "a personal poll of approximately 20 friends, family, and co-workers". (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment