4.8 • 6.9K Ratings
🗓️ 23 January 2018
⏱️ 7 minutes
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0:00.0 | What we're looking for is like the Malcolm Gladwell concept. |
0:03.6 | Outliers, baby. |
0:04.8 | I don't like to give a shit about outliers. |
0:06.4 | When you hire people, find outliers. |
0:08.0 | There's two trillion average people you can hire. |
0:10.8 | Wait for the outliers. |
0:12.5 | Here's how it works. |
0:16.8 | You need, don't ask me why this number. |
0:19.3 | One of my friends with a PhD in Maths said, |
0:21.0 | in general, if you're doing two tests, 50-50, right? |
0:24.8 | 50% to this one. |
0:26.8 | You need 52 results minimum. |
0:29.4 | So sometimes I see people publishing split tests. |
0:32.5 | I got 10 cells here and seven cells here. |
0:34.3 | See, this one's better than the 10 cell. |
0:35.8 | It's not statistically significant. |
0:38.1 | There are statistical significance calculators, |
0:40.2 | but even they are wrong more often than right. |
0:42.7 | So you need two things. |
0:44.1 | An online statistical significance calculator. |
0:47.0 | You want it, in my opinion, to be over 98% sure. |
0:50.0 | And the second litmus test is that you have over 52 on each. |
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