A consensus–but it’s a consensus of uncertainty.

· Source: Statistical Modeling, Causal Inference, and Social Science · Field: Science & Research — Mathematics & Computational Sciences, Research Methodology & Innovation · Depth: Advanced, short

Summary

A new paper on subjectivity and objectivity in Bayesian statistics, along with a 2017 paper by Gelman and Hennig, explores the role of consensus in statistical analysis. Jay Kadane raises a qualm about the emphasis on consensus, arguing it is not always a virtue. He cites his 2011 work on North Atlantic hurricane frequency, where modeling observation probability over time revealed that seemingly innocuous changes to a prior parameter could yield increasing, constant, or decreasing hurricane frequencies. This led to a conclusion of irreducible uncertainty, where consensus on "not knowing" was the appropriate outcome. The discussion extends to election forecasts, specifically the 2024 Economist model, which predicted a 50% chance for each candidate, indicating a highly uncertain but informative outcome. This highlights a common desire for a "consensus of certainty" even when the data supports a consensus of uncertainty.

Key takeaway

For AI Scientists developing predictive models, especially those involving complex historical data or future events, you should embrace and communicate uncertainty as a valid and informative outcome. Do not feel pressured to force a consensus of certainty when your analysis, like the hurricane frequency or election forecast examples, robustly indicates high uncertainty. Your models are more credible when they accurately reflect the limits of what can be known, rather than projecting false precision.

Key insights

Consensus in statistical analysis can appropriately include agreement on uncertainty or "not knowing."

Principles

Method

When analyzing time-series data with variable observation capabilities, model the probability of observation as a function of time to account for detection bias.

In practice

Topics

Best for: AI Scientist, Data Scientist, AI Researcher, Research Scientist

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Editorial summary, takeaway, and curation by AIssential. Original article published by Statistical Modeling, Causal Inference, and Social Science.