So Nate has something to say about these "Likely Voter" models.
Some Likely Voter Models are Suspect
There are eight current national polls that list separate sets of results for likely and registered voters. (In this case, for reasons that will be apparent momentarily, I am deliberately double-counting the two Gallup likely voter models). On average, Barack Obama leads by 9.8 points in the registered voter versions of these polls, but by 7.0 points in the likely voter versions -- nearly a 3-point difference:
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Note, however, that the likely voter models appear to segregate themselves into two clusters. In one cluster, there is a rather large, 4-6 point difference between registered and likely voter results. In the other cluster, there is essentially no difference.
The first cluster coincides with Gallup's so-called "traditional" likely voter model, which considers both a voter's stated intention and his past voting behavior. The second cluster coincides with their "expanded" likely voter model, which considers solely the voter's stated intentions. Note the philosophical difference between the two: in the "traditional" model, a voter can tell you that he's registered, tell you that he's certain to vote, tell you that he's very engaged by the election, tell you that he knows where his polling place is, etc., and still be excluded from the model if he hasn't voted in the past. The pollster, in other words, is making a determination as to how the voter will behave. In the "expanded" model, the pollster lets the voter speak for himself.
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Pollsters ought to make certain that they're asking people whether they've already voted. Moreover, they ought to be putting these early voters through their likely voter models as a sanity check. That is, they should be testing to see whether a substantial number of people who have actually voted would in fact have been excluded by their likely voter screens. If the answer to this question is yes, they ought to be asking themselves whether their likely voter models have any basis in reality.
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