Type Errors
In the decision making process, when faced with uncertainty, a subject can make two possible errors: type I or type II. A type I error is a false-positive or in layman's terms, playing it safe. A fire alarm that later turns out to be a false alarm is a type I error. A type II error is a false-negative, or the siding with skepticism. Ignoring the fire alarm because it is often wrong, but it later turning out to be accurate is a type II error.
Read more about this topic: Error Management Theory
Famous quotes containing the words type and/or errors:
“Mediocre people have an answer for everything and are astonished at nothing. They always want to have the air of knowing better than you what you are going to tell them; when, in their turn, they begin to speak, they repeat to you with the greatest confidence, as if dealing with their own property, the things that they have heard you say yourself at some other place.... A capable and superior look is the natural accompaniment of this type of character.”
—Eugène Delacroix (1798–1863)
“Science in the modern world has many uses; its chief use, however, is to provide long words to cover the errors of the rich.”
—Gilbert Keith Chesterton (1874–1936)