Osmium_Penguin comments on Techniques for probability estimates - Less Wrong

58 Post author: Yvain 04 January 2011 11:38PM

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Comment author: Osmium_Penguin 10 January 2011 02:15:38AM *  4 points [-]

Inspired by your final paragraph, I sought out a variety of test questions on the web -- both on Steven's blog and elsewhere. I was expecting systematic overconfidence, with a smaller chance of systematic underconfidence, throughout the probability spectrum.

Instead I found a very interesting pattern.

When I was 90% or 95% certain of a fact, I was slightly overconfident. My 90% estimates shook out at about 80%, and my 95% estimates shook out around 90%. When I was completely uncertain of a fact, I was also slightly overconfident, but within the realm of experimental error.

But when I was just 50% confident of a fact, I was almost always wrong. Far more often than anyone could achieve by random guessing: my wrongness was thorough and integrated and systematic.

Clearly, that feeling of slight concern which I've always interpreted as, "I think I remember X, but it could go either way," actually means something closer to, "X is not true; my beliefs are inconsistent."

If I'm sure I know something, I probably do. If I'm sure I'm clueless, I probably am. But if I think I might know something, then I almost certainly have it backwards.

Is this a common bias which I should have read about by now?

Comment author: orthonormal 10 January 2011 02:42:57AM 1 point [-]

Interesting!

By the way, HTML tags don't work here; click "Help" to the lower right of the edit window to see the Markup syntax rules.

Comment author: Osmium_Penguin 10 January 2011 06:27:45PM 0 points [-]

Thanks - edited for proper italics.