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:
“How is freedom measured, in individuals as in nations? By the resistance which has to be overcome, by the effort it costs to stay aloft. One would have to seek the highest type of free man where the greatest resistance is constantly being overcome: five steps from tyranny, near the threshold of the danger of servitude.”
—Friedrich Nietzsche (1844–1900)
“When a Man is in a serious Mood, and ponders upon his own Make, with a Retrospect to the Actions of his Life, and the many fatal Miscarriages in it, which he owes to ungoverned Passions, he is then apt to say to himself, That Experience has guarded him against such Errors for the future: But Nature often recurs in Spite of his best Resolutions, and it is to the very End of our Days a Struggle between our Reason and our Temper, which shall have the Empire over us.”
—Richard Steele (1672–1729)