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JamesAndrix comments on The Sin of Underconfidence - Less Wrong
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Comments (176)
That seems contradictory. If you actually thought that always using one strategy would have this obvious disadvantage over another course of action, then doing so would by definition not be "the strategy you currently think is best."
Experiments can always be framed as a waste of resources.
There is always something you're using up that you could put to direct productive use, even if it's just your time.
The potential information you gain from the experiment is a currency. Discount that currency (or have a low estimate of it) and yeah you can frame the experiment as a waste of resources.