Why do we resample?

#statistics

In real life, sample points have real costs, so sampling from the true distribution is, at best, expensive, and at worst, impossible. So, it's the money. The bootstrap is mostly free.

As @NickCox puts it with exceptional visual aplomb:

You wouldn't relaunch the Titanic and crash it into another iceberg

Because, you know, that would be expensive (in many, many ways).

I understand that it is usually very expensive to get fresh samples, but assuming we have access to a generator of the original distribution, does it still make sense to re-sample due to some theoretical reasons?

No. If it's free to sample from the population distribution, you should do so.

stats.stackexchange.com/questions/191246/why-do-we-resample-in-bootstrap-estimation

Created (3 years ago)