As the world witnesses a record number of elections, and with the US Presidential election fast-approaching, polling companies are under unprecedented pressure to find out why recent polls have been off the mark, according to Professor W Joseph Campbell.
“There's a lot of validity to the question about polling accuracy,” said Prof Campbell, a tenured professor at American University and author Gallup: Polling Failure in U.S. Presidential Elections.
While many point to the 2016 election of Republican Donald Trump, a surprise to many at the time, as one of the first indicators that traditional polling methods were no longer accurate or effective, Prof Campbell said the 2012 election was one of the first inklings of polling problems.
Incumbent US President Barack Obama defeated Republican challenger Mitt Romney by almost 4 percentage points.
“That was somewhat higher than the polls were anticipating,” he said, before pivoting to the 2016 race, where many polls indicated that Donald Trump would be defeated by democratic candidate Hillary Clinton.
“She won the popular vote of course, but that blue wall that was supposed to hold for her in Michigan, Wisconsin and Pennsylvania crumbled, quite unexpectedly compared to the polls at the time,” he said.
For the 2020 election, although many polls predicted a victory for democratic candidate Joe Biden, the margin of victory was not as wide as many of the polls projected.
“The pollsters are looking at all these instances and really trying to grapple with it,” Prof Campbell said. “No one really knows for sure why yet,” he said, referring to recent questions surrounding the accuracy of polling.
Polling postmortem
Although it flew under the radar in most circles, a report issued by the American Association for Public Opinion Research in 2021 sought to identify the potential problems in terms of accuracy with regard to the 2020 US presidential election polling, and for that matter, the 2016 presidential election cycle as well.
“The 2020 polls featured polling error of an unusual magnitude: It was the highest in 40 years for the national popular vote and the highest in at least 20 years for state-level estimates of the vote in presidential, senatorial, and gubernatorial contests,” read the report.
That report, in part, determined that there was a potential problem in the form of nonresponse from the US electorate when approached by pollsters before the election.
AAPOR's report also noted that many pollster's may have inadequately accounted for the influx of new voters who had not previously voted in US presidential elections.
“There were many new voters in 2020 and it is unclear whether the proportion of new voters in the polls matched the proportion of actual new voters,” it continued.
The lengthy report, clocking in at more than 100 pages, lists many potential scenarios, but ultimately concludes that nonresponse from voters before the election was likely a top reason for polling inaccuracy, among other factors.
Even that conclusion, however, has some frustrating ambiguity for pollsters seeking a quick fix.
“The primary source of polling error cannot be identified conclusively without knowing how non-respondents and respondents compare,” the report read.
Smartphones proliferate, landlines decline and nobody picks up the phone
The problem of addressing nonresponse from voters who pollsters badly want to speak with, according to Prof Campbell, stretches back several election cycles.
“How do you best reach people,” he said, noting that traditionally, polling had relied on calling landline telephones, which had quickly fallen by the wayside in the last decade.
The proliferation of smartphones, he added, is not necessarily a problem for pollsters, but in that same breath, a potentially bigger problem has come to fruition in that fewer people are actually picking up the phone.
“That limited response really has the potential to skew results,” he said.
Gallup, a prominent US polling and research firm, boasts on its website about its US polls, which include both landline and mobile phone numbers using random digit dialling (RDD) methods, while Quinnipiac University, another prominent polling entity, also boasts RDD along with a mix of mobile phone and landline outreach.
“If there is no answer, we will 'call back' that number. We will call every number where there is no answer at least four times,” read a methodology description from Quinnipiac. “We do call cell phones. This is increasingly important as more than half of the nation only have a cell phone and no landline telephone.”
In some instances, Prof Campbell said that occasionally polling companies and research organisations have begun to incorporate online polling and even text messaging to try to account for societal trends, but cautioned those approaches are not cure-alls to polling woes.
“Personally, if I got text message from a pollster, I'm inclined not to answer,” he said. “And I think I lot of people feel the same way.”
Another hypothesis in recent years, according to Prof Campbell, has pointed to the increased polarisation of politics, leading to voters overtly deciding not take part in polls amid increased paranoia and distrust in institutions.
Most recently, even President Biden expressed doubt about recent polls during an interview with ABC's George Stephanopoulus, echoing distrust in pollsters and the potential for the electorate to not take part in polling.
“George – look, you know polling better than anybody. Do you think polling data is as accurate as it used to be?” he said.
Conversely, Prof Campbell said there is also a theory that conservatives, and in particular, supporters of Trump, might be less likely to take part in polls for various reasons, leading to underrepresentation.
“It's something that pollsters have been discussing for a number of years,” he said. “But again, it remains a hypothesis, it's not proven.”
Recency bias
While it might be tempting to think that inaccurate polling is unique to recent election cycles, Prof Campbell said that notion is simply untrue.
Between 1936 and 2020, he said, there are nine separate cases in US elections where polling has been off the mark.
He said that one of the more prominent polling problems occurred in the lead up to the 1948 US presidential election, where democratic incumbent Harry Truman was projected by various pollsters to lose to the republican challenger Thomas Dewey.
Despite the projections, President Truman emerged victorious, defeating Mr Dewey by 4.5 percentage points.
“Polling was still relatively new,” said Prof Campbell, reflecting on the aftermath that caused pollsters to do research into what went wrong.
“Many of the pollsters stopped polling up to two months before that election,” he explained, adding that some of the pollsters did not expect the public's mood to change much given Mr Dewey's apparent popularity at the time.
That moment would be ensconced in the memories of many, with President Truman holding up a copy of a newspaper which prematurely printed that his challenger would be the next president.
Consequently, for the 1952 presidential election, Prof Campbell said some pollsters, perhaps trying to overcorrect for their previous inaccuracies, failed to project republican Dwight Eisenhower's landslide victory over democrat Adlai Stevenson.
“Make no mistake, polling has had some bad patches in the past,” he said. “We're in another patch right now.”
The future of polling
Despite all the difficulty faced by polling organisations when it comes to finding a method to the madness of reaching voters in an accurate way, Prof Campbell says there are reasons for optimism.
“Election polling is just a mere sliver of a multibillion dollar industry,” he said, noting the accuracy of other polling implementations ranging from consumer preference polling to issue-based polling and sophisticated analytics models. “It's not going to just disappear.”
Some pollsters, he said, have had relative success in recruiting panels of respondents with whom they check in on a regular basis, although that approach can also be flawed an labour intensive.
Regardless, he said the important thing is that pollsters and political scientists are not at all in denial about the increasingly inaccurate polls, pointing to AAPOR's 2021 polling report looking at how to increase accuracy going forward, knowing full well the increased scepticism from the general public.
“How many of these kinds of failures can you sustain consecutively and still remain credible?” he said.
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WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs
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Torque: 730Nm at 4,000-7,000rpm
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On sale: Now, deliveries expected later in 2025
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Company Profile
Founder: Omar Onsi
Launched: 2018
Employees: 35
Financing stage: Seed round ($12 million)
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners
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Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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7.05pm: Maiden (TB) Dh165,000 (D) 1,400m
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8.15pm: Handicap (TB) Dh190,000 (D) 1,200m
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8.50pm: Yulong Warrior
9.25pm: Chiefdom
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