selylindi comments on 2011 Less Wrong Census / Survey - Less Wrong

77 Post author: Yvain 01 November 2011 06:28PM

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Comment author: selylindi 03 November 2011 04:35:18AM 0 points [-]

If I expect that my estimate will change in the future, why not change it now? I grant that it is highly likely that my estimates will change, but I don't know whether any particular estimate will change upward or downward, so for now they stay put.

I suppose what anticipation of change in a probability estimate practically means is that you expect new pieces of evidence to come in and that you have a fairly good idea what the magnitude of evidence will be, just not the sign.

Comment author: homunq 03 November 2011 11:30:18AM 1 point [-]

I don't know which direction it will change, but for things I'm unsure of I expect more movement than for things I know more about. In bayesian terms, a weak prior.