Observation: for a variable that is positive and often close to zero (e.g. approximately lognormal), the L infty minimizer would be half of the maximum, which is isomorphic to literally just using the maximum. This seems like the quantitative version of focusing terrorism discussions on 9/11 and focusing wealth inequaility discussions on Elon Musk and so on.
Observation: for a variable that is positive and often close to zero (e.g. approximately lognormal), the L infty minimizer would be half of the maximum, which is isomorphic to literally just using the maximum. This seems like the quantitative version of focusing terrorism discussions on 9/11 and focusing wealth inequaility discussions on Elon Musk and so on.