May 13, 2004

"Exit polls defeated in LS elections"

Now that the elections are over, I hope the Supreme Court quickly puts an end to this business of Exit Polls.

Not because I believe that exit poll results from some states would influence voting patterns in other states that go to polls later. But because, as
an article in today's Economic Times (with a nice headline that I've borrowed for this post) points out, the "exit pollsters" almost never seem to get it right. (Yeah. Maybe one particular poll during some election might have got the number right. But the fact that 1 out of 1,000 darts that I throw at a dart board hits bull's eye, doesn't say much about my skills. It's just random.).

More importantly, the exit pollsters are not accountable for putting out horribly wrong numbers. This is not a trivial matter. Especially since the exit polls were clearly influencing movements in the stock market during the 4-week long election period. If I, as an investor, lost money during that time, will NDTV and others who put out the wrong numbers compensate me for it?

Over to you, your honors.


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