new2628
Joined 7 years ago
Joined 7 years ago
Of course you could look back and say, given the fact that I took some decision, what would have been my prior if I had used Bayes theorem, but my point is that we don't actually use it for taking the decision.
Example: I wear a bicycle helmet because it costs me next nothing and it possibly saves my life. I don't do any Bayesian analysis implicitly or explicitly, because on one side there is an outcome with value minus infinity, so it hardly matters what probability I multiply it with.
Many of the claimed cognitive biases go away under this view. One textbook example of Bayes theorem is how doctors overestimate the probability of being positive for a disease. But what are the priors? Maybe those who visit the doctor did something risky the day before or are feeling funny. Maybe the cost of false positive is negligible compared to the cost of a false negative, etc. People are less stupid than what the TED talk crowd claims.
Horse manure :)
Referring to IQ as a stand-in for intelligence is yet another blind alley.
I agree with your last paragraph, but I think it supports my point. I wear a mask because it has zero cost, and it may save my life. When I took this decision, I didn't estimate any probabilities and I haven't used Bayes theorem. Understanding what a mask does exactly and how aerosol transmission of viruses work precisely is almost irrelevant to my decision -- I could be improving my knowledge ("my priors") by studying virology, but there would still be so many uncertainties, that it would hardly influence my decision.