Re:Goldman Sachs is spending $100M to shave milliseconds off...
by spenczar5 on Friday August 02, 2019 @10:41AM
(#20593324)
An unbiased estimator is a technical term. It means that its errors in estimation are equally distributed above and below the true value.
Edit to add: I am not sure GP was using the term accurately, either.
Re:Goldman Sachs is spending $100M to shave milliseconds off...
by 1e-9 on Saturday August 03, 2019 @04:06AM
(#20599226)
An unbiased estimator is one whose expected value equals the true value. Its sampling distribution can be asymmetrical with median not equal to the true value. You seem to be referring to a median-unbiased estimator.
Re:Goldman Sachs is spending $100M to shave milliseconds off...
by spenczar5 on Saturday August 03, 2019 @03:42PM
(#20602244)
You are correct, of course. Itβs too late for me to correct my comment; I slipped up while trying to de-technicalize the definition. Thanks for the correction.
Re:Goldman Sachs is spending $100M to shave milliseconds off...
by eyeundersand on Friday August 02, 2019 @10:49AM
(#20593400)
I second this.
An issue I have found with technical minutiae having,for lack of a better term, general names is that they are prone to being used wrong. And once a critical mass of persons start using it wrongly, there's no going back.
If it leads towards efficiency, productivity, most beneficial allocation, as suggested, those are all biases.