Signal Strength
topic on 1 show · 1 statements across 1 episodes
1 statements about Signal Strength, every show
Mauboussin: Investors are overconfident on small samples and underconfident on large samples
“If you have strong strength and low validity, like small sample size, people tend to be overconfident. So you flip that thing 10 times, they go, it's a tails biased coin, right? The opposite side would be like, if you flip the coin 10,000 times and it comes up…”