4 ms·
3rd Hand anecdote that I liked regarding this: During World War II, [Nobel laureate, Ken] Arrow was assigned to a team of statisticians to produce long-range w
by mjlee 5y ago
3rd Hand anecdote that I liked regarding this:
During World War II, [Nobel laureate, Ken] Arrow was assigned to a team of statisticians to produce long-range weather forecasts. After a time, Arrow and his team determined that their forecasts were not much better than pulling predictions out of a hat. They wrote their superiors, asking to be relieved of the duty. They received the following reply, and I quote "The Commanding General is well aware that the forecasts are no good. However, he needs them for planning purposes."
Via http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2012/07/17/7_2F00_17_2F00_2012.aspx http://www.investorsinsight.com/blogs/john_mauldins_outside_...
- jjoonathan 5y agoCool! Looks like this is the same Arrow from Arrow's Impossibility Theorem (the "CAP theorem," so to speak, for democracy and voting).
- tdeck 5y agoThis feels like an anecdote about software estimation.
- darknavi 5y agoThis task is either an extra small or large size depending on the weather.