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Ignorance,   Iteration and the Entrepreneur Paul Kedrosky Apr 17/08
 
Four  Postulates
Postulate #1
 
Postulate #2
Far better an  approximate  answer to the  right question , which is often  vague , than an exact answer to the  wrong question , which can always be  made precise . J. Tukey (1962),  Annals of Mathematics and Statistics  33:1-67
Postulate #3
" What the deuce  is it to me? You say that we go round the sun. If we went   round the moon  it would not make a  pennyworth of difference  to me or to my work."                  -- Sherlock Holmes in "A Study in Scarlet", Arthur Conan Doyle
Postulate #4
 
Ignorance Questions Focus Optimism
How You Do What You Do
 
 
 
If I am interested in, say, the distribution of the  intensities of hurricanes , I cannot just “collect data more frequently”: I will just have to  wait for the   next hurricane  to arrive. Source: R. Rebonatto,  Plight of the Fortune-Tellers  (2007)
Gorillas  in our midst
 
Scratch Peripheral Perspective Data Gorillas Iterate
Tomorrow is going to be  wonderful  since today, I  do not understand anything .  - Niels Bohr
A challenge.
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Iteration, Errors and the Entrepreneur