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by yummyfajitas
4025 days ago
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I really can't write an entire textbook on Bayesian decision theory in an HN comment. Honestly, if I could, I'd write the actual textbook - we really need a good one. I'm not claiming to have a rigorously tested model of exactly who to network with at a conference. I'm claiming that ignoring base rates results in worse decisions. And if I made this point in a non-political context - e.g., "you must account for the base rate for $disease when interpreting a $disease test" - no one would be disputing it. If you or anyone else here can even present a (utilitarian) model where ignoring base rates leads to a better decision, by all means do it. I'd love to see this, though I suspect the actual outcome of such an effort will merely be the person attempting to do it gaining a much better understanding of Bayes rule. |
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And I do think that is fair, if there is not a simple way of actually measuring the utility and such (re your complaint about $diseases, medicine has at least somewhat reliable tests), all the stuff about the modeling is just theatrics.