LRB essay compares American voters to cattle

Fri, 05/30/2008 - 9:55am

David Runciman has an acid take on the U.S. presidential campaign for the London Review of Books. His argument is one that has been made by political scientists for years: All of the drama and analysis that takes place during election season is a farce, because electoral outcomes are largely predetermined by demographics.

But Runciman throws some dripping British condescension into the mix:

The salient fact about this campaign is that demography trumps everything: people have been voting in fixed patterns set by age, race, gender, income and educational level, and the winner in the different contests has been determined by the way these different groups are divided up within and between state boundaries. Anyone who knows how to read the census data (and that includes some of the smart, tech-savvy types around Obama) has had a good idea of how this was going to play from the outset. All the rest is noise. [...] [I]n an election like this one, the polls aren't there to tell the real story; they are there to support the various different stories that the commentators want to tell. The market is not for the hard truth, because the hard truth this time round is that most people are voting with the predictability of prodded animals. What the news organisations and blogs and roving pundits want are polls that suggest the voters are thinking hard about this election, arguing about it, making up their minds, talking it through, because that’s what all the commentators like to think they are doing themselves. [...] For all the elegance, intelligence and wit on display in the many tens of thousands of words I have read over the past few months, nothing that's been said appears to have made any real difference to how most people see the candidates.

I'm skeptical. If it were so easy to predict outcomes, why aren't more people making millions on the political betting markets? There are some thing you simply can't model, even though it often seems in retrospect that the winner was obvious from the start. How, for instance, would you quantify Obama's charisma, his ability to overcome longstanding white suspicions about black candidates? How could a political scientist predict that Hillary Clinton's campaign would be run so poorly?

Readers, what do you think?

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Get that math professor from

Get that math professor from "Numbers" (http://www.cbs.com/primetime/numb3rs/) to run you a model. He'll have figured out the election results by the end of the hour.

Those wacky Brits

Reminds me of The Mirror headline after Bush's election: "How can 59054087 people be so dumb?"

Does the 'Special Relationship' necessarily involve tolerating condescension?

the cattle prods

The Brit is right, in a sense.

It would seem that demographics have played a large role in the election, as in all elections. And it is also true that the Obama camp has correctly predicted all the primary outcomes and margins but the New Hampshire and Indiana races well ahead of time, most likely based on demographics.

but what no body expected, was to what extent Obama transcended race, at least before the Rev. Wright thing. In the beginning, Clinton was ahead in the black vote by a large margin, while Obama held majorities in some white populations (and still does) until Wright suddenly made Obama more black, and gaffes made the Clinton's less so.

We are in fact cattle, but we only respond as such when we are proded by events that spark the more reactive tenets of our nature, like responses to racism, or high gas prices, or fear of terrorism.

But America has shown some growing resistance to the cattle prod of late. The wright bit would have shattered lessor candidates in different times. And the public actually understood the gas tax holiday argument, which means they had to have been paying attention.

But at this point, the demographics are well settled. The ability to predict the outcome of the race now depends solely on one's ability to predict events, and then demographic responses to those events. I believe that moving forward, the race depends on Obama's ability to mend some fences with female voters (good chances) and populist portions of white America (which in all likelihood is lost without slick willy).

Obama should win by a slim margin, perhaps without help from Florida and Ohio where he trials by double digits. In Florida, it could come down to the young cuban block, which is slowly parting with older generations on Cuba policy. Expect McCain to play on Cuba, but don't be surprised if Obama does well among those voters and surprises some in the state.

prediction markets

You might find the reason you can't make millions on the political betting markets is that they are too thinly traded. even a $1,000 bet starts driving up those prices. Otherwise you would never see potential arbitrage positions, where on a given primary day you can sometimes buy Hillary futures for 40.5 and Obama futures for 60.5.

Betting on common sense positions can earn you tens of dollars a day, and maybe sometimes hundreds, but certainly not thousands.

I have heard...

... that on some contracts people have come away with nine figures. But you're right -- in general, it's just not possible as of now.