Category: Quotes – Science
Goodhart’s Law
As soon as reliance is placed on a relationship, the significance of the relationship changes. d.c.k. Continue reading Goodhart’s Law
Attention to detail!
It only takes an extra minute to get it done right, but it takes hours to fix a mistake. Bob Katz in “Mastering Audio”. We would be in so much less trouble if more people were to adhere to this principle (anywhere, not only in audio mastering). I hope I will remember this when it … Continue reading Attention to detail!
Science is meaningless without art – Roger Nichols
There is no history of mankind, there are only many histories of all kinds of aspects of human life.
Karl Popper, philosopher of science (1902-1994) Continue reading There is no history of mankind, there are only many histories of all kinds of aspects of human life.
Complexity and nature.
Given the complexity and fundamental unpredictability of nature, an approach that is coarse and less complex may be the best long-term risk management strategy. Continue reading Complexity and nature.
In a strategic game, what you know can be truly inconsequential.
Taleb: Our activities may invalidate our measurements.
Events that are nonrepeatable are ignored before their occurance, and overestimated after (for a while).
Innovation and Complexity
Innovation increases complexity (derivatives – conditional, non-linear payoffs). Simple systems (models) can give rise to complex, even unpredictable dynamics, an interesting converse to the point that much of the complexity of our world can be made to appear simple, with concise physical laws and equations (see Lorenz, dynamic system, weather forecast, rounding error). Continue reading Innovation and Complexity
Goodhart’s Law
Goodhart’s law: as soon as reliance is placed on a relationship, the significance of the relationship changes. Continue reading Goodhart’s Law
Daniel Kölsch - Saxophones, Clarinet & Flute 