<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/c4dd5d6621d54f99aac1739738952f41&quot; frameborder=&quot;0&quot; width=&quot;1114&quot; height=&quot;835&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>835</height><width>1114</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>835</thumbnail_height><thumbnail_width>1114</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/c4dd5d6621d54f99aac1739738952f41-c77403e3b0e1ad58.gif</thumbnail_url><duration>440.757</duration><title>Lecture 1 - 1.3</title><description>In this video, I explore the differences between prediction techniques and causal inference, particularly in the context of decision-making. Using the example of insect repellent and its effect on itchy bumps, I demonstrate how a more accurate predictive model can lead to misleading conclusions about causality. I generated synthetic data showing a true difference of 30% in the likelihood of getting an itchy bump between users and non-users of insect repellent. Interestingly, while the more accurate model predicted a difference of only 4%, the less accurate model correctly identified the true difference. I encourage viewers to consider these nuances when interpreting predictive models and their implications for decision-making.</description></oembed>