We're both here to answer any questions :)
We're both here to answer any questions :)
Could you explain why you've chosen to take a binary approach to determining whether differences are meaningful or not?
To me it seems like a continuous approach would be both more useful and more realistic. Creating an artificial threshold for significance seems a bit silly (and it also makes the model harder for users to use, because different applications might need different significance levels to justify an action).
From my perspective, every data point contains information and if you wait for significance you're essentially ignoring early information.
Edit: Also, when switching costs are small, significance levels become mostly pointless and you just want to switch to the best A/B option immediately. As evidence swings the other way, you just switch back.
w/r/t testing multiple hypotheses, I've long wondered why false discovery rate never gets mentioned in the A/B-testing context. Any thoughts?