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- Do not quote yourself.
- Do not quote from Less Wrong itself, Overcoming Bias, or HPMoR.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.
Such a study might show that it doesn't matter on average. But you'd need those numbers to see if it's increasing the spread of values. That would mean that it really helps some and hurts others. If you can figure out which is which, then it'll end up being useful. Heck, this applies even if the average effect is negative.
I don't know how often bio-researchers treat the standard deviation as part of their signal. I suspect it's infrequent.
How large was your prior for "insurance helps some and harms others, and we should try to figure out which is which" before that was one possible way of rescuing insurance from this study? That sort of argument is, I respectfully suggest, a warning signal which should make you consider whether your bottom line is already written.