Forecasting the 2020 US Presidential Election – RESULTS
TechCast has done many provocative studies, but results of this one are unusually fascinating, worrisome and even hopeful. Much of the world is anxiously awaiting either more “Trumpmania” – or Biden normalcy and some resolution toward a complex future.
The bar chart below shows the probability of a Trump Win, and the probability of a Biden win is the inverse. Comments from our responding readers are spread out below along a Biden-Trump Spectrum.
Some of the 21 respondents are not Americans, but they are following this election closely, which shows that interest is global. We heard from Michael Vidikan, Margherita Abe, Dale Deacon, Peter King, Art Shostak, Jonathan Kolber, Jacques Malan, Clayton Rawlings, Brad Hughes, Ted Gordon, Owen Davies, Chris Garlick, Fernando Ortega, Steve Hausman, Mark Sevening, Wendell Wallach, Hannu Lehtinen, John Freedman, Jose Cordeiro, and Hellmuth Broda. Thanks to all.
While the probability data favors Biden winning the election, the results are so close there remains great uncertainty. As the comments make clear, people think Trump will find ways to suppress votes, get outside interference, introduce doubt and challenge the results, while many fear Biden will introduce more socialism and higher taxes.
We rely on the collective intelligence of 21 thoughtful readers from around the globe who have examined the Pros and Cons of our background data and made careful estimates. The wide diversity of the sample is especially compelling. If this study were replicated with 21 different people, the results would likely be similar. TechCast has studied our accuracy many times, and this is a typical result, with accuracy roughly within +/- 1- 2 percent.
Drawing on the probability data and comments, we sketch out the two possible scenarios that could result, noting both the dangers, challenges and gains. TechCast appreciates fully the heated nature of this issue, and we have strived to focus on the evidence summarized in the background data and comments, often with a touch of forecaster judgment.
Trump Wins would produce more confusion, a lingering pandemic and faltering economy, heightened social division and global isolation. American democracy would likely become more autocratic. Apart from gaining a majority on the Supreme Court (more politicalization), it is hard to find benefits. Trump is often thought to be good on the economy, but the evidence shows growth was the same under Obama. And Obama started from the worst crisis since the Great Depression of ’29, while Trump slashed taxes and regulations with little effect.
Biden Wins would require absorbing Trump supporters, controlling the pandemic, taxing the wealthy, improving health care, supporting people of color, rebuilding infrastructure, addressing climate change, immigration and repairing global relations – while fending off charges of socialism. All this seems unlikely, but it could prove a tipping point in the decline of the Republican agenda and autocrats everywhere.
Both scenarios are possible, but TechCast relies on the data and concludes that a Biden win is the more likely outcome. It could possibly be a landslide victory, enough to overwhelm Trumpian power plays. We could be proven wrong, of course, but the outcome should be clear sometime after the election. If Biden does win, remember, you heard it here at TechCast.
Thanks for your support. The TechCast Team