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Outcome vs. Impact #3

@lintool

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@lintool

Hi Eugene, I very much like your analysis here: https://researchsetup.github.io/researchmodel

I have a few comments/questions, but I'll start with this one: In your mind, what's the difference between impact and outcome?

You write:

E[Impact|paper] = P(paper) x E[Outcome|paper]

Why is "outcome" necessary as a mediating variable?

You write:

We can imagine a possible outcome o, which could represent a product, another project, social change; its value could measure profits, social equality, happiness, etc.

Isn't that just the impact? Is it because you want to separate P(o|paper) from P(o)? But then you factor out that term anyway...

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