Quotes About Models

The answer is that there are two varieties of rare events: a) the narrated Black Swans, those that are present in the current discourse and that you are likely to hear about on television, and b) those nobody talks about, since they escape models—those that you would feel ashamed discussing in public because they do not seem plausible. I

certain professionals, while believing they are experts, are in fact not. Based on their empirical record, they do not know more about their subject matter than the general population, but they are much better at narrating—or, worse, at smoking you with complicated mathematical models. They are also more likely to wear a tie.

Now for reasons that have to do with the increase of the artificial, the move away from ancestral and natural models, and the loss in robustness owing to complications in the design of everything, the role of Black Swans in increasing.

while the bulk of their risks came from outside their models.

The answer is that there are two varieties of rare events: a) the narrated Black Swans, those that are present in the current discourse and that you are likely to hear about on television, and b) those nobody talks about, since they escape models

have made the claim that most of history comes from Black Swan events, while we worry about fine-tuning our understanding of the ordinary, and hence develop models, theories, or representations that cannot possibly track them or measure the possibility of these shocks.

In fact, the models had nothing to say about how bad that 1 percent scenario might turn out to be.

I just think they're really insecure about themselves sometimes. I know all the girls, but we all work a lot and don't have time to hang out together. They're all really nice; I've never had a problem with any model.

You need a different checklist and different mental models for different companies.

Our system is dynamic, always shifting gears. What I do is I build models to beat the market.

I don't understand the business models of Flipkart and Uber. See no logic in people saying business models like that of Flipkart will flourish but that of D-Mart will not.

I had some glamour models messaging me on Twitter and saying they think I'm hot, but I'm being careful.

A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.

Sometimes our childhood experiences are emotionally intense, which can create strong mental models. These experiences and our assumptions about them are then reinforced in our memory and can continue to drive our behavior as adults.

Because I'm on the runway with some of the best models in the industry.

If you take existing ideas and make them affordable and scalable, you substantially change business models. India lacks an education system that is research- and creativity-oriented.

If being an attractive woman got you attention for directing, then the entire 'best director' category would be comprised of models. To me, that is just the most ludicrous connection that you could make.

The campaigns and the models in them create the fantasy around the brand. It has always been about having strong images. Without that, we could not have gone into all the categories we did. It really has been the foundation from where the house of Guess was built.

As a child, I wanted to know how things worked and to control them. With a friend, I built a number of complicated models that I could control.

In a sense, there are as many forecasting methods as there are forecasters. But I would argue that most projections are derived from two major methods: macro-econometric models and eclectic judgment.

If you take existing ideas and make them affordable and scalable, you substantially change business models.

I think it's important that models be healthy.

Health care is one-sixth of our economy. If the government can control that, they can control just about everything. We need to understand what is going on, because there are much more economic models that can be used to give us good health care than what we have now.

I like all the '90s girls - Amber Valletta is so beautiful. I even love all the '60s models, like Twiggy, Jean Shrimpton, they were so cool.