We want to get 80%-85% of predictions right, not 100%. Or…
“We want to get 80%-85% of predictions right, not 100%. Or else we calibrated our estimates in the wrong way.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Aim for high but realistic predictive accuracy; perfection is unnecessary and may indicate mis‑calibration.
In simple terms: Target 80‑85% accuracy, not 100%.
Focus on reliable models.
Themes
Mood
Type
When to use this quote
- forecasting
- policy planning
- investment decisions
Key Concepts
Questions to Reflect On
- What is an acceptable error margin?
- How do we detect mis‑calibration?
Over‑optimizing can waste resources.