Should you be punished if your predictions with 95% confidence come true 97% of a large number of trials? If not, someone is still skimming.
Yes. Underconfidence is as much an error as overconfidence is, albeit a less common one.
Of course. After all, that means that your predictions with 5% confidence came true in only 3% of trials.
Should you be punished if your predictions with 95% confidence come true 97% of a large number of trials? If not, someone is still skimming.
Yes. Underconfidence is as much an error as overconfidence is, albeit a less common one.
Of course. After all, that means that your predictions with 5% confidence came true in only 3% of trials.