Lumifer comments on Open thread, Jul. 18 - Jul. 24, 2016 - Less Wrong

3 Post author: MrMind 18 July 2016 07:17AM

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Comment author: Lumifer 22 July 2016 03:03:49PM 2 points [-]

Generally speaking, for this you need a meta-model, that is, a model of how your model will change (e.g. become outdated) with the arrival of new information. Plus, if you want to compare costs, you need a loss function which will tell you how costly the errors of your model are.