Nate Silver said this quote

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

Famous Quotes of Nate Silver

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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.

~ Nate Silver

Nate Silver Economics Forecasting Statistics

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

...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