Donnie Berkholz

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If they are testing another participant’s 90% CI for some quantity, I expect them to ask, “What would you prefer: (1) to win $1,000 if the correct answer is within your bounds or (2) to spin a dial that gives a 90% chance of paying off $1,000?” But for some reason this seems to confuse most people who first attempt this.
How to Measure Anything: Finding the Value of Intangibles in Business
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