Stein's Paradox

Linear Digressions

• Episode: Stein's Paradox
• Website: Linear Digressions
• Feed URL: http://feeds.feedburner.com/udacity-linear-digressions?format=xml
• Duration: 00:27:02
• Published: 2020-05-25 00:21

This is a re-release of an episode that was originally released on February 26, 2017. When you're estimating something about some object that's a member of a larger group of similar objects (say, the batting average of a baseball player, who belongs to a baseball team), how should you estimate it: use measurements of the individual, or get some extra information from the group? The James-Stein estimator tells you how to combine individual and group information make predictions that, taken over the whole group, are more accurate than if you treated each individual, well, individually.