A Quote by Myron Scholes
All models have faults - that doesnt mean you cant use them as tools for making decisions.
Related Quotes
All models have faults - that doesn't mean you can't use them as tools for making decisions.
If we decide rightly what to do, or use a correct procedure for making such decisions, that has to be because the decisions or the procedure rest on good reasons, and these reasons consist in the apprehension of truths about what we ought to do. Because these truths must constitute reasons for our decisions, and because in the rational order, reasons must always precede the decisions based on them, the truth conditions of claims about what we ought to cannot be reduced to, or constructed out of, decisions about what to do, or procedures for making such decisions.
Dont confuse legibility with communication. Just because something is legible doesnt mean it communicates and, more importantly, doesnt mean it communicates the right thing.
Players enjoy complexity – especially the power that comes with powerful tools. What they do not like is “uninteresting decisions,” or games that leave them confused or with too many “easy” decisions – decisions where there is no learning to be had.
My attempt has been really to, beyond making a record of contemporary life, which is what you inevitably do, is trying to make beautiful books - books that are in some way beautiful, that are models of how to use the language, models of honest feeling, models of care.
Machinery is aggressive. The weaver becomes a web, the machinist a machine. If you do not use the tools, they use you. All tools are in one sense edge-tools, and dangerous.
... where the Greeks had modesty, we have cant; where they had poetry, we have cant; where they had patriotism, we have cant; where they had anything that exalts, delights, or adorns humanity, we have nothing but cant, cant, cant.
What causes adolescents to rebel is not the assertion of authority but the arbitrary use of power, with little explanation of therules and no involvement in decision-making. . . . Involving the adolescent in decisions doesn't mean that you are giving up your authority. It means acknowledging that the teenager is growing up and has the right to participate in decisions that affect his or her life.
continually measuring women's wants by men's achievements seems out of date, ignominious, and intolerably boring. ... Now that we have secured possession of the tools of citizenship, we intend to use them not to copy men's models but to produce our own.
Being literate as a writer is good craft, is knowing your job, is knowing how to use your tools properly and not to damage the tools as you use them.
I'm a very good decision maker because I have core set of principles and so I can make decisions. Decisions can be very hard and you have to wrestle with them, but I'm able to get all the data on the table and figure out what would be the best decision because decisions mean ill for some people and mean positives for others.
There are any number of models artists can use to profit off of their talent and artistry. It is not up to the state to protect them from competition. Musicians can obviously get paid for performing and having their music copied and "pirated" helps them in this respect by making them more well known, more popular.
Prudence does not mean failing to accept responsibilities and postponing decisions; it means being committed to making joint decisions after pondering responsibly the road to be taken.
I can't say what people use the experience of listening to songs for, but I would never tell somebody what it is supposed to mean. That defeats the purpose of making it. Hopefully, whoever connects with it connects with it in their own way, and it can mean whatever it is supposed to mean to them.
We have to learn how scientists arrive at decisions. Once you use the scientific method, it doesn't mean that your decisions will be perfect. They'll be far more accurate than just opinions.
There is a rumour that I can't draw and never could. This is probably because I work so much with models. Models are one of the most beautiful design tools, but I still do the finest drawings you can imagine.
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