Insightful article!

For example, in this scenario, false negatives cost more than false positives ($100 for false positives vs $50 for false negatives). This pushes the optimal decision threshold lower; false negatives are less costly than false posit…
Calculating the business value of a data science project
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TC Blanchard
Kenneth Leung
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May 5, 2021
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Insightful article! Just want to check that you meant false negatives cost LESS than false positives here?
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Written by Kenneth Leung9.5K Followers
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Senior Data Scientist at Boston Consulting Group | Top Tech Author | 2M+ reads on Medium | linkedin.com/in/kennethleungty | github.com/kennethleungty
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