Some searching and I found some blog posts suggesting lowering them both to closer to one on SSDs [2]. Indeed, the documentation says you can set them both to 1 if you are sure that the database will be fully cached in RAM.
[1] http://www.postgresql.org/docs/current/static/runtime-config... [2] http://www.cybertec.at/2013/01/better-postgresql-performance...
There's also `ALTER TABLE SET STATISTICS` and default_statistics_target config parameter (for supposedly smart query planning on the fly?) (though would have to re-read to recall how these things work - off to bed soon): http://www.postgresql.org/docs/current/static/runtime-config... (edit ah you included the same link - lots of good stuff here - ahh I like Postgres documentation)
"The default value can be thought of as modeling random access as 40 times slower than sequential, while expecting 90% of random reads to be cached
If you believe a 90% cache rate is an incorrect assumption for your workload, you can increase random_page_cost to better reflect the true cost of random storage reads. Correspondingly, if your data is likely to be completely in cache, such as when the database is smaller than the total server memory, decreasing random_page_cost can be appropriate. Storage that has a low random read cost relative to sequential, e.g. solid-state drives, might also be better modeled with a lower value for random_page_cost."
In other words, cache misses are taken into account to the extent that the model above is reflective of your workload and hw environment.
Fair enough. Though I think they have in mind cache misses in the sense of page faults here? - i.e. "it's not in memory - have to read from disk". (i.e. cache as in Postgres internal cache (+ OS filesystem cache, actually/IIRC). The variable name `random_page_cost` seems to suggest this (load a memory page into memory - from disk).
Whereas I had in mind cache as in CPU cache[1] - where sort operation happens which does lots of cache misses (between CPU cache and RAM) - and needs to read from rest of RAM (i.e. random memory access is not uniformly random). It's a nice rabbit hole..
For people wondering as I did about how you might monitor for this, it looks like the data you need is in pg_statio_all_indexes