3 ms·
I think it's brilliant as an idea but not particularly mysterious after the fact or something. I love it, but think it's brilliant in part because it's so trans
by derbOac 5y ago
I think it's brilliant as an idea but not particularly mysterious after the fact or something. I love it, but think it's brilliant in part because it's so transparent and simple.
I agree "bootstrap" has expanded a bit in meaning but I think it's basically the same idea.
I used to think it was cheating but have realized there is a cost to it, which is replication. For many things it's just impractical in terms of computation time. So although it's great, it requires a lot.
- swyx 5y agohow does it deal with tail risk that hasn't been observed? i assume not well?
- spekcular 5y agoYes. It only tells you about variability within the sampled values. If you don't sample outliers, or get unlucky and same many non-representative vvalues, it can't tell you what you're missing out on (obviously).
- disgruntledphd2 5y agoYeah, like your bootstrap estimate of max or min will be pretty crap. Works well for central tendencies though.