Drop the 95% Confidence Interval to Run More Experiments
Laura argues the 95% confidence standard comes from high-stakes fields like academia and pharma where false positives are dangerous. Teams converting or upselling users don't carry that burden, so accepting a lower confidence interval to double the number of experiments run in a year nets out positive. She stresses the game plan must be set before running, and lower confidence should be paired with harder qualitative corroboration.
- 95% confidence belongs to fields where a false success is genuinely dangerous
- Growth teams converting users can afford more risk to run more experiments
- Lowering the confidence interval can double annual experiment volume
- Decide the acceptance criteria before running, and corroborate with qualitative data
“the 95 confidence rate belongs in some companies in some Industries because the risk of of you know the impact of a false success is…”
“there are definitely times where I will advocate for and I will push for an owl myself used lower lower confidence intervals and 95 especially…”