http://www.overcomingbias.com/2007/04/statistical_ine.html Overcoming Bias is economist Robin Hanson’s blog, on honesty, signaling, disagreement, forecasting, and the far future. Thu, 18 Mar 2010 17:23:04 -0400 http://wordpress.org/?v=2.8.5 hourly 1 http://www.overcomingbias.com/2007/04/statistical_ine.html#comment-420235 Eliezer Yudkowsky Sat, 14 Apr 2007 02:15:10 +0000 http://prod.ob.trike.com.au/2007/04/statistical-inefficiency-bias-or-increasing-efficiency-will-reduce-bias-on-average-or-there-is-no-bias-variance-tradeoff.html#comment-420235 I'd put it this way: there's a tradeoff between <i>statistical</i> bias and <i>statistical</i> variance, but not "bias" the way we instinctively think of bias, as a difference between a specific estimate and reality. This also relates to the classical vs. Bayesian dispute over whether to care about the average properties of an estimator, or the particular estimate we got. I’d put it this way: there’s a tradeoff between statistical bias and statistical variance, but not “bias” the way we instinctively think of bias, as a difference between a specific estimate and reality. This also relates to the classical vs. Bayesian dispute over whether to care about the average properties of an estimator, or the particular estimate we got.

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