Nate Silver said this quote

“ Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy. ”

Famous Quotes of Nate Silver

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In science, progress is possible. In fact, if one believes in Bayes' theorem, scientific progress is inevitable as predictions are made and as beliefs are tested and refined.

~ Nate Silver

Nate Silver Bayes Progress Science

Under Bayes' theorem, no theory is perfect. Rather, it is a work in progress, always subject to further refinement and testing.

~ Nate Silver

Nate Silver Bayes Progress

...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.

~ Nate Silver

Nate Silver Prediction Ratings Risk Uncertainty

Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge: the serenity to accept the things we cannot predict, the courage to predict the things we can, and the wisdom to know the difference.

~ Nate Silver

Nate Silver Bias Knowledge Prediction Self Knowledge Uncertainty Wisdom