Re:Relating t-statistics and the relative width of confidenc...
by mjburgess on Monday March 11, 2024 @06:53PM
(#39674133)
You can turn most issues into powerlaws by recursing a reasonable risk distribution over it.
So suppose we ask, what is our confidence in X? (rather than X); and then, what is our confidence in the model by which we give confidences in X (ie., the model risk); and so on...
In practice, what we want to model is the appropriate confidence, not an actual prediction (bunk). So we are very often screwed.
So suppose we ask, what is our confidence in X? (rather than X); and then, what is our confidence in the model by which we give confidences in X (ie., the model risk); and so on...
In practice, what we want to model is the appropriate confidence, not an actual prediction (bunk). So we are very often screwed.
Statistics is an illusion.