
S4E02 Underachievers, Overachievers, & Maximum Likelihood Estimation
Quantitude
Maximum Probability Is a Work Horse, Right?
There is an opportunity for a understanding how bad things can get, which sort of describes 20 or 30 years of simulation research. What happens if this isn't right? I'm sorry, that just described my dissertation. So thank you for that. But then also an opportunity, how can we make it better? How can we overcome these kinds of things? Whether it's, what if we don't have a super big sample size, even though we don't know what super big is? Or what if wedon't have normality? Or, and this is really the tricky one,What if we have mis specification in parts of what we're doing that the model isn't completely correct?
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