Speaking of the Error Equation “Oddly, reducing bias and noise by the same amount has the same effect on accuracy.” “Reducing noise in predictive judgment is always useful, regardless of what you know about bias.” “When judgments are split 84 to 16 between those that are above and below the true value, there is a large bias—that’s when bias and noise are equal.” “Predictive judgments are involved in every decision, and accuracy should be their only goal. Keep your values and your facts separate.”
