For reasons mathematical, psychological, and sociological, it is a good idea to use a money management system that is relatively forgiving of estimation errors.
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Part Six, Blowing Up, Survival Motive, p. 296-297William Poundstone
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If the system exhibits a structure which can be represented by a mathematical equivalent, called a mathematical model, and if the objective can be also so quantified, then some computational method may be evolved for choosing the best schedule of actions among alternatives. Such use of mathematical models is termed mathematical programming.
George Dantzig
Art is a concrete and personal and rather childish thing after all — no matter what people do to graft it into science and make it sociological and psychological; it is no good at all unless it is let alone to be itself — a game of make-believe, or re-production, very exciting and delightful to people who have an ear for it or an eye for it.
Willa Cather
One might think this means that imaginary numbers are just a mathematical game having nothing to do with the real world. From the viewpoint of positivist philosophy, however, one cannot determine what is real. All one can do is find which mathematical models describe the universe we live in. It turns out that a mathematical model involving imaginary time predicts not only effects we have already observed but also effects we have not been able to measure yet nevertheless believe in for other reasons. So what is real and what is imaginary? Is the distinction just in our minds?
Stephen Hawking
Management’s job. It is management’s job to direct the efforts of all components toward the aim of the system. The first step is clarification: everyone in the organization must understand the aim of the system, and how to direct his efforts toward it. Everyone must understand the damage and loss to the whole organization from a team that seeks to become a selfish, independent, profit centre.
W. Edwards Deming
It was one of the great errors of Mr. Pitt's system, that the people should be taxed to buy up a debt standing at four or five per cent interest, when it was clear that that money, if left to fructify in the pockets of the people, would be productive of infinitely more benefit to the country.
William Ewart Gladstone
Poundstone, William
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