I think overrated-underrated is useful because it’s trying to say whether we should be doing more or less of X on the margin. Often it’s much more useful to know whether something is good on the current margin rather than on average.
I think overrated-underrated is useful because it’s trying to say whether we should be doing more or less of X on the margin. Often it’s much more useful to know whether something is good on the current margin rather than on average.