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No? If you don't know the answer, underestimate and overdeliver. Or consider whether you should be doing it in the first place.
by Nullabillity 4y ago
No?
If you don't know the answer, underestimate and overdeliver. Or consider whether you should be doing it in the first place.
- oneeyedpigeon 4y agoThe problem is that underestimating will cause fewer tickets to be sold.
- Y_Y 4y agoI can imagine a perverse population of customers whose elasticity function prevents the estimate from ever being correct by always buying too many tickets.
- mrguyorama 4y agoA business being less successful if they don't misrepresent reality is perfectly fine to me.
- jsjohnst 4y ago> A business being less successful if they don't misrepresent reality is perfectly fine to me We are talking about a state government backed lottery, not a business.
- jsjohnst 4y ago> I did not know that shit was estimated. > If you don't know the answer, underestimate and overdeliver. Make up your mind, is estimating bad or not? The example I gave isn’t the only possible outcome, some times it’s 1-2% more than quoted when more tickets were sold.
- Nullabillity 4y agoErr, what? I never posted that first quote? And even then, it's perfectly consistent to say that estimating is only OK if it doesn't make you look better than reality.