4 ms·
how does it deal with tail risk that hasn't been observed? i assume not well?
by swyx 5y ago
how 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.