The cost of being wrong

Conservative: “I’ll only say yes when I’m really sure” (high precision, low recall)

Risky: “I’d rather catch all the real cases, even if I’m wrong sometimes” (high recall, low precision)

Do you never throw the dice, since you don’t like the odds, or do you throw the dice because you might get a 6?

The trade-off is this: you can’t maximise both precision and recall, so which error do you accept?

In youth sports, it’s tempting to believe we are playing high-stakes games when, in truth, it’s much more likely we don’t understand the cost of our errors.

If failure is too costly to bear, don’t play the game.