▲ | armanj 5 days ago | ||||||||||||||||
Years ago, I often struggled to choose between Amazon products with high ratings from a few reviews and those with slightly lower ratings but a large volume of reviews. I used the Laplace Rule of Succession to code a browser extension to calculate Laplacian scores for products, helping to make better decisions by balancing high ratings with low review counts. https://greasyfork.org/en/scripts/443773-amazon-ranking-lapl... | |||||||||||||||||
▲ | CuriouslyC 5 days ago | parent | next [-] | ||||||||||||||||
Just for reference, in case you find yourself in an optimization under uncertainty situation again: The decision-theoretic right way to do this is generate a bayesian posterior over true ranking given ranking count and a prior on true rankings, add a loss function (it can just be the difference between the true rating of the selected item and the true rating of the non-selected item for simplicity) then choose your option to minimize the expected loss. This produces exactly the correct answer. | |||||||||||||||||
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▲ | Shadowmist 5 days ago | parent | prev | next [-] | ||||||||||||||||
I always assume that all the ratings are fake when there is a low count of ratings since it is easy for the seller to place a bunch of game orders when they are starting out. | |||||||||||||||||
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▲ | kragen 5 days ago | parent | prev [-] | ||||||||||||||||
While this is a good idea, I think it's unrelated to the Laplace transform except that they're named after the same dude? | |||||||||||||||||
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