As the old joke goes, Alzheimer’s is the best illness, there is no pain and each morning you get lots of interesting news.
But note that improving the model would result in less pleasant experiences of wonder, but also in less unpleasant experiences of disappointment. Basically you reduce your variance, but it’s not obvious to me that you imperfect model necessarily has a pessimistic bias.
As the old joke goes, Alzheimer’s is the best illness, there is no pain and each morning you get lots of interesting news.
But note that improving the model would result in less pleasant experiences of wonder, but also in less unpleasant experiences of disappointment. Basically you reduce your variance, but it’s not obvious to me that you imperfect model necessarily has a pessimistic bias.
Indeed. Every pleasant surprise is an update, but not every update is a pleasant surprise.