A Quote by Mohamed El-Erian
The world changes! So we're in a situation today where the only policymakers that have flexibility are central banks. But they don't have the instruments! So they've had to experiment, and the more you experiment, the more uncertainty and the higher the risk of collateral damage.
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Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
In terms of getting people to experiment more and take more risk, there are at least three things that immediately come to my mind. Number one, of course, is role-modeling it yourself. Number two is when people take intelligent, smart risks and yet it doesn't work out, not shooting them. And number three, being honest with yourself. If the culture you have is radically different from an experiment and take-risk culture, then you have a big change you going to have to make—and no little gimmicks are going to do it for you.
Experiment is actually doing the art. That's the experiment and then you get to experience the experiment.
Indeed, while Nature is wonderfully inventive of new structures, her conservatism in holding on to old ones is still more remarkable. In the ascending line of development she tries an experiment once exceedingly thorough, and then the question is solved for all time. For she always takes time enough to try the experiment exhaustively. It took ages to find how to build a spinal column or brain, but when the experiment was finished she had reason to be, and was, satisfied.
Britain, the first industrial nation, had offered the world a remarkable public experiment in liberal, capitalist democracy whose success was premised upon free trade and world peace. Tuesday, 4 August 1914 brought that experiment to an abrupt halt.
Experiment - exercising to see the result. We planned Europa not as an experiment in this sense but as a work of art. Yet The Eye and the Ear was done as a consciously designed experiment. Not every avant-garde dealt with experiments and not every experiment equalled avant-garde.
Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.
The TV scientist who mutters sadly, "The experiment is a failure; we have failed to achieve what we had hoped for," is suffering mainly from a bad script writer. An experiment is never a failure solely because it fails to achieve predicted results. An experiment is a failure only when it also fails adequately to test the hypothesis in question, when the data it produces don't prove anything one way or another.
Frequently, I have been asked if an experiment I have planned is pure or applied research; to me, it is more important to know if the experiment will yield new and probably enduring knowledge about nature.
The value and utility of any experiment are determined by the fitness of the material to the purpose for which it is used, and thus in the case before us it cannot be immaterial what plants are subjected to experiment and in what manner such experiment is conducted.
To call in the statistician after the experiment is done may be no more than asking him to perform a post-mortem examination: he may be able to say what the experiment died of.
every short story is an experiment - what one must ask is not only, did it come off, but was it, as an experiment, worth making?
You're going to die soon enough anyway; even if it's a hundred years from now, that's still the blink of a cosmic eye. In the meantime, live like a scientist - even a controversial one with only an ally or two in all the world - and treat life as a grand experiment, blood, sweat, tears and all. Bear in mind that there's no such thing as a failed experiment - only data.
I see my whole 20s as a massive experiment. So were my teens. I think the problem is that we're not encouraged to experiment; we're encouraged to decide and choose, be singular and focused. You can't be that until you experiment. You don't know what's going to work until you try it.
I do think that the more takes you have the more opportunity to experiment [but] at a certain point, there are diminishing returns. There's only so much variety you offer.
In science there is a dictum: don't add an experiment to an experiment. Don't make things unnecessarily complicated. In writing fiction, the more fantastic the tale, the plainer the prose should be. Don't ask your readers to admire your words when you want them to believe your story.
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