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Re: Significant error rate
Posted by: Jim Mazerat (IP Logged)
Date: February 13, 2007 11:17AM

I am not suggesting this has anything to do with what was talked about in Daubert. I am concerned that the definition in 921 of the word “Probable” can be misleading. When I speak about error rate I am using the words in the context of the rate of correct or incorrect predictions based on specific data. If I were to say that the level of certainty needs only to be slightly above 50% for my opinion to be considered correct, then what would be considered the possible error rate for my conclusion?

Where with John’s classes there is an indication that these individual do not feel the determination made by another person is correct all the time and that they believe approximately 20% of the calls are incorrect, I would like John to ask a different question. Ask the question do they believe their determinations are correct 100% of the time and work downward with the percentage on their own determinations and see what numbers we come up with.

The enemy of the conventional wisdom is not ideas but the march of events. John Kenneth Galbraith, The Affluent Society (1958).



Subject Views Written By Posted
  Significant error rate 1592 Jim Mazerat 02/12/2007 03:17PM
  Re: Significant error rate 1187 John J. Lentini, CFEI 02/12/2007 09:30PM
  Re: Significant error rate 974 MIJ 02/12/2007 10:54PM
  Re: Significant error rate 894 SJAvato 02/13/2007 10:41AM
  Re: Significant error rate 878 Jim Mazerat 02/13/2007 11:17AM
  Re: Significant error rate 1052 dcarpenter 02/13/2007 10:44AM
  Re: Significant error rate 817 Jim Mazerat 02/13/2007 11:34AM
  Re: Significant error rate 870 dcarpenter 02/13/2007 11:56AM
  Re: Significant error rate 881 Jim Mazerat 02/13/2007 10:48AM
  Re: Significant error rate 829 dcarpenter 02/13/2007 10:49AM
  Re: Significant error rate 854 Jim Mazerat 02/13/2007 11:39AM
  Re: Significant error rate 903 John J. Lentini, CFEI 02/14/2007 10:42AM
  Re: Significant error rate 880 SJAvato 02/13/2007 11:46AM
  Re: Significant error rate 902 PMK140 02/13/2007 06:37PM
  Re: Significant error rate 841 Jim Mazerat 02/13/2007 07:29PM
  Re: Significant error rate 873 Jim Mazerat 02/15/2007 12:08PM
  Re: Significant error rate 798 MIJ 02/15/2007 02:30PM
  Re: Significant error rate 866 Jim Mazerat 02/15/2007 04:32PM
  Re: Significant error rate 822 Jim Mazerat 02/13/2007 07:59PM
  Re: Significant error rate 893 SJAvato 02/13/2007 10:33PM
  Re: Significant error rate 869 Jim Mazerat 02/14/2007 10:50AM


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