Quotes About Weighting

A good computer program consistently and automatically gives each factor its appropriate weight.

We know that chasing efficiency too far leads to fragility, and the current excellence models lack explicit minimal governance safeguards and the justification of weighting to be seen currently as universal models of anti-fragility.

People treated all remote probabilities as if they were possibilities. To create a theory that would predict what people actually did when faced with uncertainty, you had to "weight" the probabilities, in the way that people did, with emotion. Once you did that, you could explain not only why people bought insurance and lottery tickets. You could even explain the Allais paradox.*

Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.

Anne climbing the marble steps to Heaven, her good deeds like jewels weighting wrists and neck.

That is the function of theories—to oversimplify, and thus to assist believers in organizing, weighting, and excluding information. Therein lies the power of theories. Their weakness is that precisely because they oversimplify, they are vulnerable to attack by new information. When there is too much information to sustain any theory, information becomes essentially meaningless.