Practical answer on Pricing far outside the range, since the theoretical one is upthread: do the simplest check first, write down the result, and only then decide whether the complicated explanation is needed. It usually is not.
Topic summary
Coming back to: Pricing far outside the range, in either direction
This is a generated summary. It shows the 5 most-liked posts from a topic of 27, in their original order, with the accepted answer included where one exists. It is a reading aid and it will miss nuance — the full topic is the record.
26 likes 2y
Post #5 and I disagree about the size of the effect, not about the direction.
Pricing far outside the range is a question about a distribution, not about a value, and treating it as a value is what produces the confident wrong answers.
19 likes 2y
p.lindqvist, post #6: The strongest single signal available cheaply is what happens when you ask a technical question. A quantitative answer inside a working day is difficult to fake at scale. That is a description of practice, not a recommendation of it. Go to post
Post #10 is the version of this I will quote in future. One addition.
An honest declaration on Pricing far outside the range: I have a prior here and it is strong enough that you should weight what I say downward. Stating it rather than hiding it.
Testimonials without a lot, a date, a method or a service are not evidence and are not a red flag either. They are simply not evidence.
That is the practical version. The rigorous version is longer and says the same thing.
27 likes 2y
Read the full topic (27 posts)
Suggested topics
| Topic | Participants | Replies | Views | Activity |
|---|---|---|---|---|
|
Patterns that reliably precede a problem, documented
Patterns that reliably precede a problem, documented — setting out what I have, and where I think it stops being reliable. Patterns, from the point of view of someone who has read the documentation and is…
|
+3 | 7 | 31k | 16mo |
|
A certificate whose chromatogram axes do not match its stated method — one year on
A certificate whose chromatogram axes do not match its stated method — one year on Writing it up because I had to work it out twice and would rather nobody else did. Posting a small dataset on certificate…
|
+103 | 111 | 8.1k | 2mo |
|
Identical chromatograms across two different lots
Identical chromatograms across two different lots Writing it up because I had to work it out twice and would rather nobody else did. Collecting what is known about identical chromatograms in one place,…
|
+80 | 87 | 58k | 18mo |
|
About the Red flags category
Patterns that reliably precede a problem. Documented, dated, and free of accusation without evidence. This post is a community wiki: any member at trust level 3 or above can edit it, and every edit is…
|
4 | 57k | 17mo | |
|
When a red flag was a misunderstanding, and the retraction
When a red flag was a misunderstanding, and the retraction — that is the question, and I have not found it answered plainly anywhere I have looked. Posting a small dataset on red flag. It is mine, it is…
|
+34 | 38 | 8.3k | 21mo |
Related topics — sharing the tags documentation quality, underdosing, mislabelling
| Topic | Participants | Replies | Views | Activity |
|---|---|---|---|---|
|
Payment mechanics and the recovery options that do not exist
Payment mechanics and the recovery options that do not exist Writing it up because I had to work it out twice and would rather nobody else did. A payments question, with the mechanics separated from the…
|
+80 | 89 | 24k | 9mo |
|
A certificate with no method stated: what can you conclude?
A certificate with no method stated: what can you conclude? I have a specific reason for asking rather than idle curiosity, and the context is below. I would like to understand what this number means before I…
|
+49 | 57 | 1.2k | 16mo |
|
Revisiting: A field-by-field walk through a certificate of analysis
Revisiting: A field-by-field walk through a certificate of analysis Writing it up because I had to work it out twice and would rather nobody else did. I would like to disagree carefully with the settled view…
|
+37 | 41 | 656 | 3mo |
|
Patterns that reliably precede a problem, documented
Patterns that reliably precede a problem, documented — setting out what I have, and where I think it stops being reliable. Patterns, from the point of view of someone who has read the documentation and is…
|
+3 | 7 | 31k | 16mo |
|
Specification in the result column: why that is a meaningful error
Posting this under the heading it deserves: Specification in the result column: why that is a meaningful error Everything below is what sits behind that. A documentation question rather than an analytical…
|
+107 | 129 | 41k | 5mo |