Assumptions Quote by Daniel Levitin

“Be imprecise. Understand the concept of “by-and-large” and use approximations. Because our educational system is hung up on precision, the art of being good…

— Ray Dalio

Estimating is what you do when you don't know.

— Sherman Kent

“Because our educational system is hung up on precision, the art of being good at approximations is insufficiently valued. This impedes conceptual thinking.”

— Ray Dalio

It's better to solve the right problem approximately than to solve the wrong problem exactly.

— John Tukey

A problem adequately stated is a problem solved theoretically and immediately, and therefore subsequently to be solved, realistically.

— R. Buckminster Fuller

“tackling real-world tasks requires being comfortable with chance, trading off time with accuracy, and using approximations.”

— Brian Christian

It is the mark of an educated mind to rest satisfied with the degree of precision which the nature of the subject admits and…

— Anonymous

There is a race between the increasing complexity of the systems we build and our ability to develop intellectual tools for understanding their complexity.…

— Leslie Lamport

There are lots of different ways that algorithms can go wrong, and what we have now is a system in which we assume because…

— Cathy O'Neil

“people rely on a limited number of heuristic principles which reduce the complex tasks of assessing probabilities and predicting values to simpler judgmental operations.…

— Daniel Kahneman

If you've got a problem and you multiply it by 50-million people, it becomes unsolvable, but if you've got a problem and you divide…

— Lewis Pugh

“The reliance on the heuristic caused predictable biases (systematic errors) in their predictions.”

— Daniel Kahneman