Company
Date Published
Author
Tim Chan, Skye Scofield
Word count
1052
Language
English
Hacker News points
None

Summary

The text explores the concept of experimentation in business, particularly focusing on how different company sizes approach A/B testing to measure the impact of new features like AI chatbots. It highlights that while large companies with extensive user bases can easily achieve statistically significant results due to large sample sizes, smaller startups often experience more substantial effects and can use experimentation to drive significant improvements. The text argues that effect size is more crucial than sample size in experiments, giving smaller companies an advantage. It also emphasizes that even inconclusive results are valuable as they reveal knowledge gaps and provide opportunities for further hypothesis testing and refinement. The discussion touches on methodologies like CUPED for running faster and less biased experiments, and the importance of a strong experimentation culture, referencing insights from industry experts and personal experiences in companies like Statsig and Optimizely.