To: TraderGreg who wrote (525 ) 11/7/2000 1:26:40 AM From: TraderGreg Respond to of 6710 The reason the long run estimate and point estimate produce different results is this. In my "detailed" model, I used actual probability estimates(based on tracking poll data spreads) to simulate 4,096 elections. In those 12 undecided states, Gore's leaners were CA .60, FL .69, IA .69. Bush's leaners were WI .77, TN .89, AR .69, and WV .69. In 5 states(MO, OR, NM, NH, and DE), I declared them dead even and set the probability to .50. Since Bush's leaners, ranging from .69 to .89, were stronger likelihoods than Gore's, which were .60, .60 and .69, in the detailed model, Bush would be assigned 77% of WI votes, 89% of TN votes, 69% of AR votes, and 69% of WV votes. Moreover, Bush was also assigned a portion of Gore's leaners since probabilistically he would win those states with some small frequency over 4096 trials. This would corresponding to winning those states the respective X% of the time over 4096 trials. Gore, on the other hand, would only receive 60% of CA votes, 69% of FL votes, and 69% of IA votes in the detailed model. He would also receive a % of Bush's leaners since he would win those states with some small frequency over 4096 trials. Again, this would correspond to his win % in those states over 4096 trials. So, since Bush's probabilities were so high, he was assigned a greater percentage of his own leaners than was Gore. In the point estimate model, a one shot trial, each candidate was simply given ALL the electoral votes in any state that he was leading in. Thus, Bush got all 11 of WI, TN,all 6 of AR, and all 5 of WV. However, Bush does not get any portion of Gore's leaners since all of those were assigned to Gore in the simple model. Finally, he is given MO and NM as a SWAG. For Gore however, in the simple model, he was given all 54 of CA, all 25 of FL, all 7 of IA. This is a substantial increase over the detailed model. While he doesn't get any of Bush's leaners, this is more than made up for by getting ALL of his own leaners. Finally he is also given OR,NH, and DE as a SWAG. TG