Best models & theory Quotes | Short & Famous Sayings

“(Crank theories) always violated the first rule of a scientific model: they were uncheckable.”

Source: Timescape

Ifs Knows Mind States Bigs Universe Theory Battle Models Appreciate Versions Mathematical Remembered Prime Steady Inflation Bangs Rivals Identical Cosmology Astronomers

Author:Fred Hoyle

“The usefulness of the models in constructing a testable theory of the process is severely limited by the quickly increasing number of parameters which must be estimated in order to compare the predictions of the models with empirical results.”

Order Process Results Numbers Theory Models Compare Predictions Usefulness Parameters

Book:Prisoner's Dilemma: A Study in Conflict and Cooperation

Source: Prisoner's Dilemma: A Study in Conflict and Cooperation

“Whatever their limitations, Freud and Marx developed complex and subtle theories of human nature grounded in their observation of individual and social behavior. The crackpot rationalism of free-market economics merely relies on an abstract model of how people "must" behave.”

“For the theory-practice iteration to work, the scientist must be, as it were, mentally ambidextrous; fascinated equally on the one hand by possible meanings, theories, and tentative models to be induced from data and the practical reality of the real world, and on the other with the factual implications deducible from tentative theories, models and hypotheses.”

World Real Hands Reality Practice Theory Models Scientist Practicals Data Real World Fascinated Hypothesis Implications Factual Ambidextrous

Book:The collected works of George E.P. Box

Source: The collected works of George E.P. Box

“Science has been effective at furthering our understanding of nature because the scientific ethos is based on three key principles: (1) follow the evidence wherever it leads; (2) if one has a theory, one needs to be willing to try to prove it wrong as much as one tries to prove that it is right; (3) the ultimate arbiter of truth is experiment, not the comfort one derives from one's a priori beliefs, nor the beauty or elegance one ascribes to one's theoretical models.”

Source: A Universe From Nothing

“Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks....investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets.”

Social Movement Theory Behavior Models Investing Accepted Vulnerable Assets Investors Earning Incomplete Dividends Social Movements Stock Price

Author:Robert J. Shiller

“Profanation and violation are part of the perversity of sex, which never will conform to liberal theories of benevolence. Every model of morally or politically correct sexual behavior will be subverted by nature's daemonic law.”

Law Sex Theory Behavior Models Abuse Conform Violation Benevolence Politically Correct Perversity

Book:Free Women, Free Men: Sex, Gender, Feminism

Source: Free Women, Free Men: Sex, Gender, Feminism

“General Systems Theory is a name which has come into use to describe a level of theoretical model-building which lies somewhere between the highly generalized constructions of pure mathematics and the specific theories of the specialized disciplines. Mathematics attempts to organize highly general relationships into a coherent system, a system however which does not have any necessary connections with the "real" world around us. It studies all thinkable relationships abstracted from any concrete situation or body of empirical knowledge.”

“The efficient market theory is one of the better models in the sense that it can be taken as true for every purpose I can think of. For investment purposes, there are very few investors that shouldn't behave as if markets are totally efficient.”

Ifs Thinking I Can Purpose Taken Theory Models Investment Investing Behave Investors Efficient Efficient Markets

Author:Eugene Fama

“The morals of men are more governed by their pursuits than by their opinions. A type of virtue is first formed by circumstances, and men afterwards make it the model upon which their theories are framed.”

Men Firsts Moral Opinion Virtue Theory Type Circumstances Models Pursuit Framed

Book:History of European Morals from Augustus to Charlemagne

Source: History of European Morals from Augustus to Charlemagne

“Thus even supposedly unadulterated facts of observation already are interfused with all sorts of conceptual pictures, model concepts, theories or whatever expression you choose. The choice is not whether to remain in the field of data or to theorize; the choice is only between models that are more or less abstract, generalized, near or more remote from direct observation, more or less suitable to represent observed phenomena.”

Facts Choices Fields Expression Theory Models Concepts Direct Observation Data Abstract You Choose Suitable

Author:Ludwig von Bertalanffy

“Can you measure it? Can you express it in figures? Can you make a model of it? If not, your theory is apt to be based more upon imagination than upon knowledge.”

Ifs Imagination Figures Theory Models

Author:Lord Kelvin

“Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.”

“Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.”

“The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by "rational man" models of human behavior from economics and too little by "foolish man" models from psychology and real-world experience.”

“Precisely constructed models for linguistic structure can play an important role, both negative and positive, in the process of discovery itself. By pushing a precise but inadequate formulation to an unacceptable conclusion, we can often expose the exact source of this inadequacy and, consequently, gain a deep understanding of the linguistic data. More positively, a formalized theory may automatically provide solutions for many problems other than those for which it was explicitly designed.”

Source: Syntactic Structures

“If you go through the list of things that are not possible you're left with a very finite amount of possibilities. The fancy name for this is constraint theory. It's a nonquantitative model, but it's a field of mathematics.”

Ifs Names Left Fields Possibility Theory Amount Models Mathematics Lists Fancy Finite Constraints

Author:George Friedman

“Henceforth, whilst there are a great many theories and models proposed as to how, or why, magic works (based on subtle energies, animal magnetism, psychological concepts, quantum theory, mathematics or the so-called anthropomorphic principle) it is not a case that one of them is more 'true' than others, but a case of which theory or model you choose to believe in, or which theory you find most attractive. Indeed, from a Chaos Magic perspective, you can selectively believe that a particular theory or model of magical action is true only for the duration of a particular ritual or phase of work.”

“Evolutionary game theory was originally developed as an alternative to the hypothesis of group selection; now it is clear that game theory models postulate group selection, even if they do not use the g-word.”

Ifs Use Games Clear Groups Theory Models Alternatives Hypothesis Selection

Author:Elliott Sober

“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.”

“We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.”

Ifs Knows World Needs Order Perfect Economic Events Theory Models Infinite Chaos Precision Chaos Theory Future Events

Author:Nassim Nicholas Taleb

“The theory of objectivism claims that there are certain things that most people in society can agree upon. A model is pretty. A lawyer is smart. Our society is based upon objectivism. It’s how we make rules and why we obey them.”

People Certain Theory Models Smart Claims Agree Lawyer Our Society Objectivism Agree Upon

Book:Unbearable Lightness: A Story of Loss and Gain

Source: Unbearable Lightness: A Story of Loss and Gain

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