Explanatory-model Quote by Daniel Waterman

“People underestimate the power of models. Observational evidence is not very useful, adding,…our approach is not entirely empirical. —John Mitchell, principal research scientist at…

— Alan Carlin

“Essentially, all models are wrong, but some are useful.”

— Anonymous

In inventing a model we may assume what we wish, but should avoid impossibilities.

— Aristotle

Models work when they are appropriate for the particular circumstance, but some of the best investment judgments over time have come when people recognized…

— Abby Joseph Cohen

“A theory is more impressive the greater the simplicity of its premises, the more different are the kinds of things it relates, and the…

— Albert Einstein

“Real models don't go with the trend, they set the trend.”

— Amit Kalantri

... all too often, a successful new business model becomes the business model for companies not creative enough to invent their own. [2002] p.46

— Gary Hamel

Fact is, inventing an innovative business model is often mostly a matter of serendipity.

— Gary Hamel

“The simpler, the better. Complications lead to multiplicative chains of unanticipated effects.”

— Nassim Nicholas Taleb

“Ideas rarely come out whole. They change as they get brought to life. New constraints appear, new directions suggest themselves, and new influences come…

— David duChemin

“Simpler theories may be more convenient to work with, but they are not intrinsically more probable than complex ones.”

— Samir Okasha

“Innovations are financial risks.”

— Basic Books