Here's another installment of rationality quotes. The usual rules apply:
- Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote from Less Wrong itself, Overcoming Bias, or HPMoR.
- No more than 5 quotes per person per monthly thread, please.
-- Megan McArdle, trying to explain Bayesian updates and the importance of making predictions in advance, without referring to any mathematics.
This annoys me because she doesn't talk at all about the power of the study. Usually, when you see statistically insignificant positive changes across the board in a study without much power, its a suggestion you should hesitantly update a very tiny bit in the positive direction, AND you need another study, not a suggestion you should update downward.
When ethics prevent us from constructing high power statistical studies, we need to be a bit careful not to reify statistical significance.