A Quote by Kenneth Arrow

The MD is well aware that the forecasts are no good but he needs them for planning purposes. — © Kenneth Arrow
The MD is well aware that the forecasts are no good but he needs them for planning purposes.
Many who know me or have worked for me are aware of my penchant for strategic planning. I consider it a critical component of the success of any organization and believe in the value of planning for a company's needs over multiple time horizons, as well as reviews against that plan at regular intervals.
I haven't written a novel or something that long, because I really am improvising all along and the story is growing new limbs to do what it needs to do. So there's very little planning. There's a little planning where I say, "Well, it looks like I'm going in this direction, ok, good." But there's very little forethought or intellectual justification: "Oh, look, I'm putting in a theme park because that represents dystopian America!"
Happiness radiates like the fragrance from a flower, and draws all good things toward you. Allow your love to nourish yourself as well as others. Do not strain after the needs of life. It is sufficient to be quietly alert and aware of them. In this way life proceeds more naturally and effortlessly. Life is here to Enjoy!
Weakness and corruption isn't in the world," Clary snapped. "It's in people. And it always will be. The world just needs good people to balance it out. And you're planning to kill them all.
Whatever you're thinking about is literally like planning a future event. When you're worrying, you are planning. When you are appreciating, you are planning...What are you planning?
So, we're well aware of the questions that our audience is inevitably going to ask. We're well aware of how carefully they watch the show and hold us to continuity. We're certainly aware of the debates that are going to occur.
A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.
Heatstroke is an important and useful addition to the library on climate change, bringing insights from deep-time ecological research to help illuminate the dire forecasts of which we're already so aware.
The good or healthy society would then be defined as one that permitted people's highest purposes to emerge by satisfying all their basic needs.
Through democracy we can address the basic needs of the people, involve them as participants in planning and restore the authority of the government.
ISIL are already using the Internet for hideous propaganda purposes - for radicalisation, for operational planning, too.
Planning other people's actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
Forecasts vary in horizon, from a few seconds up to a few days in financial markets, compared to from one to several months for macro variables. We have to provide uncertainty intervals around the central forecasts to indicate the extent to which we are unclear about the future.
Human beings are free except when humanity needs them. Maybe humanity needs you. To do something. Maybe humanity needs me—to find out what you're good for. We might both do despicable things, Ender, but if humankind survives, then we were good tools.
A good cult delivers on its promises. A good cult nourishes the needs of its members, has transparency and integrity, and creates provisions for challenging its leadership openly. A good cult expands the freedoms and well-being of its members rather than limits them.
. . . it is interesting to note that the original problem that started my research is still outstanding - namely the problem of planning or scheduling dynamically over time, particularly planning dynamically under uncertainty. If such a problem could be successfully solved it could eventually through better planning contribute to the well-being and stability of the world.
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