The benefits of informed priors for decision making. First plot demonstrates shrinkage from an informed prior in a growing sample. Second plot tries to quantify accuracy gains for decision making. I'm thinking about expressing "practical accuracy" as defined in the subtitle. Feedback very welcome.

I will stop optimizing this now

Trying to convey the value of partial pooling for colleagues who chase noise-prone subgroup analyses. Imagine I know two people who have also spent a lot of time on this. Have either of you found visualizations that intuitively convey the phenomena? @solomonkurz.bsky.social & @jordannafa.bsky.social