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rLlZpnT02ZU
as being X1 bar, the average of itself,
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so that wherever I saw an n for this guy, I can replace it by 1
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and that will give me my formula.
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So the bias is still going to be 0.
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And the variance is going to be equal to theta, 1 minus theta.
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So now I have those three estimators.
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Well, if I compare X1 and Xn bar, then
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clearly I have 0 bias in both cases.
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That's good.
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And I have the variance that's actually n times smaller when I
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use my n observations than when I don't.
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So those two guys, on these two fronts,
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you can actually look at the two numbers
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and say, well, the first number is the same.
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The second number is better for the other guy,
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so I will definitely go for this guy compared to this guy.
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So this guy is gone.
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But not this guy.
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Well, if I look at the bias, the variance is 0.
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It's always beating the variance of this guy.
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And if I look at the bias, it's actually really not that bad.
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It's 0.5 minus theta.
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In particular, if theta is 0.5, then this guy
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is strictly better.
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And so you can actually now look at what
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the quadratic risk looks like.
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So here, what I'm going to do is I'm
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going to take my true theta-- so it's
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going to range between 0 and 1.
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And we know that those two things are functions of theta,
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so I can only understand them if I plot them
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as functions of theta.
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And so now I'm going to actually plot--
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the y-axis is going to be the risk.
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So what is the risk of the estimator of 0.5?
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This one is easy.
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Well, it's 0 plus the square of 0.5 minus theta.
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So we know that at theta, it's actually going to be 0.
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And then it's going to be a square.
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So at 0, it's going to be 0.25.
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And at 1, it's going to be 0.25 as well.
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So it looks like this.
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Well, actually, sorry.
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Let me put the 0.5 where it should be.
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OK.
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So this here is the risk of 0.5.
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And we'll write it like this.
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So when theta is very close to 0.5, I'm very happy.
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When theta gets farther, it's a little bit annoying.
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And then here, I want to plot the risk of this guy.
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So now the thing with the risk of this guy
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is that it will depend on n.
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So I will just pick some n that I'm happy with just
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so that I can actually draw a curve.
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Otherwise, I'm going to have to plot one curve per value of n.
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So let's just say, for example, that n is equal to 10.
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And so now I need to plot the function theta, 1 minus
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theta divided by 10.
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We know that theta, 1 minus theta
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is a curve that goes like this.
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It takes value at 1/2.
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It thinks value 1/4.
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That's the maximum.
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And then it's 0 at the end.
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So really, if n is equal to 1, this
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is what the variance looks like.
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The bias doesn't count in the risk.
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Yeah.
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AUDIENCE: [INAUDIBLE]
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PHILIPPE RIGOLLET: Sure.
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Can you move?
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All right.
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Are you guys good?
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All right.
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So now I have this picture.
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And I know I'm going up to 25.
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And there's a place where those curves cross.
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So if you're sure--
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let's say you're talking about presidential election,
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you know that those things are going to be really close.
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Maybe you're actually better by predicting 0.5
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if you know it's not going to go too far.
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But that's for one observation, so that's the risk of X1.
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But if I look at the risk of Xn, all I'm doing
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is just crushing this curve down to 0.
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So as n increases, it's going to look more and more like this.
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It's the same curve divided by n.
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And so now I can just start to understand
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that for different values of thetas,
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now I'm going to have to be very close to theta is equal to 1/2
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if I want to start saying that Xn bar is worse
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than the naive estimator 0.5.
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Yeah.
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AUDIENCE: Sorry.
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I know you explained a little bit before, but can you just--
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what is an intuitive definition of risk?
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What is it actually describing?
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PHILIPPE RIGOLLET: So either you can--
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well, when you have an unbiased estimator, it's simple.
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It's just telling you it's the variance,