The perils of outcome-based analysis – Surfing Complexity
Imagine you wanted to understand how to get better at playing the lottery. You strike upon a research approach: study previous lottery winners! You collect a list of winners, look them up, interview them about how they go about choosing their numbers, collate this data, identify patterns, and use these to define strategies for picking numbers. The problem with this approach is that it doesn’t tell you anything about how effective these strategies actually are. To really know how well these strategies work, you’d have to look at the entire population of people who employed them. For example, say that you find that most lottery winners use their birthdays to generate winning numbers. It may turn out, that for every winning ticket that has the ticket holder’s birthday, there are 20 million losing tickets that also have the ticket holder’s birthday. To understand a strategy’s effectiveness, you can’t just look at the winning outcomes: you have to look at the losing outcomes as well. The te
Lorin Hochstein cognitive-systems-engineering , incidents May 4, 2024 2 Minutes Imagine you wanted to understand how to get better at playing the lottery. You strike upon a research approach: study previous lottery winners! You collect a list of winners, look them up, interview them about how they go about choosing their numbers, collate this data, identify patterns, and use these to define strategies for picking numbers. The problem with this approach is that it doesn’t tell you anything about how effective these strategies actually are. To really know how well these strategies work, yo
Explore this link on the map →related reading
- Berkson's paradox - Wikipediaen.wikipedia.org
- Base rate fallacy - Wikipediaen.wikipedia.org
- Games and Decision Makingecon.uiuc.edu
- Getting Eulered | Slate Star Codexslatestarcodex.com
- Inference to the Best Explanation (article)hps.cam.ac.uk
- 1 Introduction – <span style='font-weight: 700'>Causal Inference</span><br/> <i style='color: #00b7ff'>The Mixtape</i>mixtape.scunning.com
- 4 Potential Outcomes Causal Model – <span style='font-weight: 700'>Causal Inference</span><br/> <i style='color: #00b7ff'>The Mixtape</i>mixtape.scunning.com
- Why the tails come apart — LessWronglesswrong.com
- UNDERSTANDING IS A POOR SUBSTITUTE FOR CONVEXITY (ANTIFRAGILITY) | Edge.orgedge.org
- CAUSE, EFFECT, AND THE STRUCTURE OF THE SOCIAL WORLD. MEGAN T. STEVENSONbu.edu
- Berkson's paradox - Wikipediaen.m.wikipedia.org
- Absolute Success is Luck. Relative Success is Hard Work.jamesclear.com