Manfred comments on The Optimizer's Curse and How to Beat It - Less Wrong

42 Post author: lukeprog 16 September 2011 02:46AM

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Comment author: JGWeissman 17 September 2011 07:06:08PM 3 points [-]

That is a good example of how the optimizer's curse causes an overestimate of the maximum expected value, and even reliably causes a wrong choice to be associated with the maximum expected value. But how do I apply the correction mathematically, so I can know for which expected values on the high uncertainty boxes I should expect their best of them to be better or worse than the low uncertainty box? Even better, how can I deal with situations where the uncertainties of the expected values are not so conveniently categorized (and whose actual values aren't conveniently uniform)?

Comment author: Manfred 17 September 2011 07:48:50PM 0 points [-]

I'm not sure. It's probably in the paper.