The Likelihood Illusion: When Gaussian Comfort Meets Reality
Confidence is cheap. Calibration is expensive. That is the uncomfortable lesson behind a new arXiv paper on earthquake source inversion, a domain that sounds safely remote until one notices the pattern: a complex physical simulator, uncertain model inputs, high-dimensional observations, and a decision-maker who wants a probability distribution rather than a shrug.1 Replace “earthquake waveform” with “financial stress scenario,” “robot sensor stream,” “industrial digital twin,” or “clinical simulator,” and the problem becomes less geological and more familiar. ...