added by Johanna · updated 2y ago
All Models Are Wrong
- Your internet is not as fast as it could be. Does that matter as long as you can load this article? Arguably not. Our world runs on the functional, not the perfect.
from All Models Are Wrong by Farnam Street
Johanna added 2y ago
- A model is a simplification which fosters understanding.
from All Models Are Wrong by Farnam Street
Johanna added 2y ago
- It’s crucial for us to understand as many mental models as possible. As the adage goes, a little knowledge can be dangerous and creates more problems than total ignorance. No single model is universally applicable – we find exceptions for nearly everything. Even hardcore physics has not been totally solved.
from All Models Are Wrong by Farnam Street
Johanna added 2y ago
- Remember that all models are wrong; the practical question is how wrong do they have to be to not be useful.
from All Models Are Wrong by Farnam Street
Johanna added 2y ago
- Like heuristics, models work as a consequence of the fact they are usually helpful in most situations, not because they are always helpful in a small number of situations.
from All Models Are Wrong by Farnam Street
Johanna added 2y ago