added by Jay Matthews · updated 2y ago
Why Model? | Santa Fe Institute
Forecasters have no choice but to base their judgments on models, be they complex or informal, mathematical or intuitive. Models, by definition, consist of assumptions: “If A happens, then B will happen.” In other words, relationships and responses. But for us to willingly employ a model’s output, we have to believe the model is re
... See morefrom The Illusion of Knowledge by Howard Marks
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- models, despite their reputation for impartiality, reflect goals and ideology
from Weapons of Math Destruction Quotes by Cathy O'Neil
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