"i have a feeling trump will win..................": Forecasting Winners and Losers from User Predictions on Twitter

Social media users often make explicit predictions about upcoming events. Such statements vary in the degree of certainty the author expresses toward the outcome:"Leonardo DiCaprio will win Best Actor" vs. "Leonardo DiCaprio may win" or "No way Leonardo wins!". Can popular beliefs on social media predict who will win? To answer this question, we build a corpus of tweets annotated for veridicality on which we train a log-linear classifier that detects positive veridicality with high precision. We then forecast uncertain outcomes using the wisdom of crowds, by aggregating users' explicit predictions. Our method for forecasting winners is fully automated, relying only on a set of contenders as input. It requires no training data of past outcomes and outperforms sentiment and tweet volume baselines on a broad range of contest prediction tasks. We further demonstrate how our approach can be used to measure the reliability of individual accounts' predictions and retrospectively identify surprise outcomes.Comment: Accepted at EMNLP 2017 (long paper

Validation of Twitter opinion trends with national polling aggregates: Hillary Clinton vs Donald Trump

Measuring and forecasting opinion trends from real-time social media is a long-standing goal of big-data analytics. Despite its importance, there has been no conclusive scientific evidence so far that social media activity can capture the opinion of the general population. Here we develop a method to infer the opinion of Twitter users regarding the candidates of the 2016 US Presidential Election by using a combination of statistical physics of complex networks and machine learning based on hashtags co-occurrence to develop an in-domain training set approaching 1 million tweets. We investigate the social networks formed by the interactions among millions of Twitter users and infer the support of each user to the presidential candidates. The resulting Twitter trends follow the New York Times National Polling Average, which represents an aggregate of hundreds of independent traditional polls, with remarkable accuracy. Moreover, the Twitter opinion trend precedes the aggregated NYT polls by 10 days, showing that Twitter can be an early signal of global opinion trends. Our analytics unleash the power of Twitter to uncover social trends from elections, brands to political movements, and at a fraction of the cost of national polls

Assessing candidate preference through web browsing history

Predicting election outcomes is of considerable interest to candidates, political scientists, and the public at large. We propose the use of Web browsing history as a new indicator of candidate preference among the electorate, one that has potential to overcome a number of the drawbacks of election polls. However, there are a number of challenges that must be overcome to effectively use Web browsing for assessing candidate preference—including the lack of suitable ground truth data and the heterogeneity of user populations in time and space. We address these challenges, and show that the resulting methods can shed considerable light on the dynamics of voters’ candidate preferences in ways that are difficult to achieve using polls.Accepted manuscrip

Utilizing Learning Algorithms to Improve News Transparency and Electoral Predictions

Governmen

The Political Economy: Political Attitudes and Economic Behavior

It has long been recognized that voters bring their political behaviors in line with economic assessments. Recent work, however, suggests that citizens also engage in economic behaviors that align with their confidence—or lack thereof—in the political system. This alignment can happen consciously or, as we suggest, unconsciously, in the same way that positivity carries over to other behaviors on a micro-level. Using monthly time series data from 1978 to 2008, we contribute further evidence of this relationship by demonstrating that political confidence affects consumer behavior at the aggregate level over time. Our analyses employ measures more closely tied to the theoretical concepts of interest while simultaneously accounting for the complex relationships between subjective and objective economic indicators, economic behavior, political attitudes, and the media. Our results suggest that approval of the president not only increases the electorate’s willingness to spend money, but also affects the volatility of this spending. These findings suggest that the economy is influenced by politics beyond elections, and gives the “Chief Economist” another avenue by which they can affect the behavior of the electorate

Social Media and Electoral Predictions: A Meta-Analytic Review

Can social media data be used to make reasonably accurate estimates of electoral outcomes? We conducted a meta-analytic review to examine the predictive performance of different features of social media posts and different methods in predicting political elections: (1) content features; and (2) structural features. Across 45 published studies, we find significant variance in the quality of predictions, which on average still lag behind those in traditional survey research. More specifically, our findings that machine learning-based approaches generally outperform lexicon-based analyses, while combining structural and content features yields most accurate predictions