that statistical observation is correct but the theorizing is pretty haphazard and, as it happens, wrong
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(to be clear, this is a prior I would be happy to sharply revise!)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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failure rates are pretty abysmal and affect the return (the Heckman paper deals with this best imo) but with signaling in mind,
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groups for which failure rate is highest should also see highest returns. so, risky (if you're paying), but expected value is good
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