wedrifid comments on Amanda Knox: post mortem - Less Wrong
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Over the summer, Eliezer suggested (approximately, I am repeating this from memory) the following method for making an important decision:
This was essentially the method I used in coming to my (probably slightly low) estimate of the probability that Knox and Sollecito were innocent. It just felt like they were innocent, and I saw essentially no reason to suspect they were guilty. I will note that the 'pro-guilt' site that komponisto linked to was just horribly devoid of anything that I might consider evidence (if anything, that site did more to convince me of Knox's innocence than the pro-innocence site), and I did spend probably about 10 minute trying to find some evidence that they had missed, but completely failed.
On a different not, as I said at the time, 0.95 and 0.05 were just proxies for "pretty damn sure" and "pretty damned unlikely" - I have very little idea what 5% probability feels like, and I'm sure that if arbitrary scientific convention had settled on some different number for significance, I'd have picked that one instead. I have made some progress since a year ago on calibrating my estimates of small probabilities, but I absolutely do not think that I would be wrong approximately 1 time in 20 when making predictions to which I assign a probability of 0.95.
My guess would be more that 1 in 20 wrong for a 95% confidence.