explanatory virtue - Deepstash

explanatory virtue

A feature of a hypothesis that improves its quality as an explanation of the available data (other things being equal). An example of such a feature is simplicity, according to Ockham’s razor. By contrast, an explanatory vice is a feature of a hypothesis that reduces its quality as an explanation (other things being equal). If simplicity is an explanatory virtue, then unnecessary complexity in a hypothesis is the corresponding explanatory vice.

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Centers of Progress

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Common Biases

  • Actor-Observer Bias: the way the explanation of other people’s behaviour tends to focus on the influence of their personality while being less focused on the situation while being just the opposite while explaining one’s own behaviour.
  • Zeigarnik Effect

Types of MVP

Types of MVP

  1. Video MVP {A video that explains your product or solution to measure traction}
  2. The Concierge MVP {idea that when you’re just starting out you don’t need to be able to handle thousands of customers, you just need to make one customer happy} great way to validate your hypothesis

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