With 50% probability, things will last twice as long as they already have.
In my head, I map this very similarly to the German tank problem. I agree that it’s a very useful prior!
Yes, I think that this corresponds to the German tank problem after you see the first tank.
In my head, I map this very similarly to the German tank problem. I agree that it’s a very useful prior!
Yes, I think that this corresponds to the German tank problem after you see the first tank.