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Models Quotes

“A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.”

Lying Values Walks Information Models Weakness Assumption Adjustment Instantaneous Intrinsic Value

Author:Richard Arnold Epstein

“The business model of the conservative media is built on two elements: provoking the audience into a fever of indignation (to keep them watching) and fomenting mistrust of all other information sources (so that they never change the channel).”

Two Audience Media Information Source Elements Models Built Strategy Conservative Provoking Never Change Fever Mistrust Indignation Business Models

Author:David Frum

“Obviously, the faster we process information, the more rich and complex our models or glosses - our reality-tunnels - will become.”

Reality Process Rich Information Models Complexes Faster Tunnels Gloss

Book:Quantum Psychology: How Brain Software Programs You and Your World

Source: Quantum Psychology: How Brain Software Programs You and Your World

“A new model is starting to take root and grow, one in which consumers have more choices, more tools, more information, and more power to guide these choices. I call this emerging model The Mesh.”

Choices Grows Information Models Tools Roots Starting Guides Consumers Emerging Mesh

Book:The Mesh: Why the Future of Business Is Sharing

Source: The Mesh: Why the Future of Business Is Sharing

“Expert estimates of probability are often off by factors of hundreds or thousands. [...] I used to be annoyed when the margin of error was high in a forecasting model that I might put together. Now I view it as perhaps the single most important piece of information that a forecaster provides. When we publish a forecast on FiveThirtyEight, I go to great lengths to document the uncertainty attached to it, even if the uncertainty is sufficiently large that the forecast won't make for punchy headlines.”

“Photographers encode their concepts as photographic images so as to give others information, so as to produce models for them and thereby to become immortal in the memory of others.”

Giving Memories Information Produce Models Concepts Photographer Immortal

Book:Towards a Philosophy of Photography

Source: Towards a Philosophy of Photography

“NASA's Aqua satellite is showing that water vapor, the dominant greenhouse gas, works to offset the effect of carbon dioxide - CO2. This information, contrary to the assumption used in all the warming models, is ignored by global warming alarmists.”

“There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy.”

“Advertising works most effectively when it's in line with what people are already trying to do. And people are trying to communicate in a certain way on Facebook - they share information with their friends, they learn about what their friends are doing - so there's really a whole new opportunity for a new type of advertising model within that.”

People Way Trying Whole Certain Opportunity Lines Share Information Type Models Communicate Advertising New Opportunity

Author:Mark Zuckerberg

“He liked books if they were books of information and had pictures of grain elevators or of fat foreign children doing exercises in model schools.”

Ifs Children Book School Information Exercise Models Fats Grain Elevators

Book:The Voyage of the Dawn Treader: The Chronicles of Narnia

Source: The Voyage of the Dawn Treader: The Chronicles of Narnia

“Psychedelics are illegal not because a loving government is concerned that you may jump out of a third story window. Psychedelics are illegal because they dissolve opinion structures and culturally laid down models of behaviour and information processing. They open you up to the possibility that everything you know is wrong.”