Feedback Quote by Rich Jolly
““7. Remember It’s Only a Model—Always remember George Box's excellent advice, “All models are wrong, but some are useful.” The feedback and delays you have identified are only part of the picture. There may be tens or hundreds of feedback loops and delays that have not been identified.””
About This Quote
Source Speech: Talk on Modeling and Feedback Loops, 2023
All models are imperfect; usefulness depends on recognizing their limits and the hidden feedback within systems.
In simple terms: Models are flawed but can help.
Key Takeaway
Question model assumptions constantly.
Themes
modeling
feedback
uncertainty
decisionmaking
Mood
analytical
cautious
Type
technical
pragmatic
When to use this quote
- business strategy
- software development
- policy analysis
- scientific research
Key Concepts
systems theory
statistics
Questions to Reflect On
- What hidden feedback might you be missing?
- How do you test a model’s usefulness?
A Different Perspective
Relying solely on models can blind you to real-world complexity.
