2 ms·
This is useful when you don't have a good prior for where to set your threshold. If you have a firm threshold, yes, you're right that it isn't all that useful.
by exmadscientist 4y ago
This is useful when you don't have a good prior for where to set your threshold. If you have a firm threshold, yes, you're right that it isn't all that useful.
The form of the solution also suggests a "good-enough" variant, useful when speed or simplicity is more important than optimality: reject the first option you find that genuinely meets all your needs. Accept the next thing you find that beats that first option. It is kind of surprising how often having this sort of approach in your back pocket can come in handy.
- quickthrower2 4y agoIf you are threshold hunting, how do you set n? Or is n set based on resources. Would be interesting to see if there are n setting heuristics. Maybe based on how fast the best is getting better in a small sample?
- prennert 4y agon depends on your resource budget. Your resources might be limited by availability (how many secretary applicants are there), time (how long does each test take vs how much time can you invest), etc.
- quickthrower2 4y agoBut your budget might be flexible depending in what you get out of it. For example you have cashed up investors.