One of the perplexing features of the US election process is the time it takes in many states to identify the victors. The fortunes of the competing candidates go up and down as individual counties “drop” the results from the latest batch of votes. Eventually a bold enough pundit decides that even though many votes have yet to be counted they have sufficient knowledge of the trends, the precedents, and the local demographics to declare the victor. Of course the putative losers rarely concede until all paths to victory have been definitively closed and even the likely victors may be cautious, fearful of tempting fate. This business of calling elections is a good example of both prediction with incomplete information and also the natural lag between what is apparent to an informed observer and what will be acknowledged by those directly involved.
Read Full Article »