Wrong but not useless?

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Poll ended at Thu Sep 20, 2007 3:33 pm

right and not useless
0
No votes
wrong but not useless
0
No votes
right and useless
0
No votes
wroing and useless
0
No votes
not even wrong
1
100%
 
Total votes : 1

Wrong but not useless?

Postby ted » Thu Aug 23, 2007 3:33 pm

A review of the book How I Became a Quant (R.R. Lindsey and B. Schachter, Wiley)
that just appeared in the Wall Street Journal
http://online.wsj.com/article/SB118774956064304935.html
quotes Thomas Wilson (Chief Insurance Risk Officer, ING Group) as saying
"A model is always wrong, but not useless."
Clearly he knows nothing about biology.
ted
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