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Bryan Caplan Quotes: There are two sources of error: Either you lack sufficient data, or you fail to take advantage of the data that you have.
         

There are two sources of error: Either you lack sufficient data, or you fail to take advantage of the data that you have.


Bryan Caplan
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Other quotes of Bryan Caplan


In daily life, reality gives us material incentives to restrain our irrationality. But what incentive do we have to think rationally about politics?

In daily life, reality gives us material incentives to restrain our irrationality. But what incentive do we have to think rationally about politics?



The best social insurance is to make more progress, not to make more work

The best social insurance is to make more progress, not to make more work



Sociotropic voters with biased economic beliefs are more likely to produce severe political failures than are selfish voters with rational expectations.

Sociotropic voters with biased economic beliefs are more likely to produce severe political failures than are selfish voters with rational expectations.



Worldviews are more a mental security blanket than a serious effort to understand the world

Worldviews are more a mental security blanket than a serious effort to understand the world



If you can't feel secure - and teach your children to feel secure - about 1-in-610,000 nightmare scenarios - the problem isn't the world. It's you.

If you can't feel secure - and teach your children to feel secure - about 1-in-610,000 nightmare scenarios - the problem isn't the world. It's you.



Let us designate anarchism1 anarchism as you define it. Let us desiginate anarchism2 anarchism as I and the American Heritage College Dictionary define it.

Let us designate anarchism1 anarchism as you define it. Let us desiginate anarchism2 anarchism as I and the American Heritage College Dictionary define it.





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By wisdom wealth is won; but riches purchased wisdom yet for none.

By wisdom wealth is won; but riches purchased wisdom yet for none.



Your instinct is your true god. Follow it.

Your instinct is your true god. Follow it.



It is not wise, or even possible, to divorce private behavior from public leadership.... By its very nature, true leadership carries with it the burden of being an example.

It is not wise, or even possible, to divorce private behavior from public leadership.... By its very nature, true leadership carries with it the burden of being an example.



There is no story unless you've written it.

There is no story unless you've written it.



Stand firm and immovable as an anvil when it is beaten upon.

Stand firm and immovable as an anvil when it is beaten upon.



Tammy Faye, I pray for every day. I really liked her. I wanted to be in their family.

Tammy Faye, I pray for every day. I really liked her. I wanted to be in their family.



You learn a lot though when you have kids, I'll tell you what. Did you know when a baby poops its diapers, you're not supposed to hit him with a rolled-up newspaper?

You learn a lot though when you have kids, I'll tell you what. Did you know when a baby poops its diapers, you're not supposed to hit him with a rolled-up newspaper?



I'm not sure I would label it a 'survivor,'" said Iko, her sensor darkening with disgust. "It looks more like a rotting pumpkin.

I'm not sure I would label it a 'survivor,'" said Iko, her sensor darkening with disgust. "It looks more like a rotting pumpkin.



That's the thing about needs. Sometimes when you get them met, you don't need them anymore.

That's the thing about needs. Sometimes when you get them met, you don't need them anymore.



In a healthy state of the organism all wounds have a tendency to heal.

In a healthy state of the organism all wounds have a tendency to heal.




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This page presents the quote "There are two sources of error: Either you lack sufficient data, or you fail to take advantage of the data that you have.". Author of this quote is Bryan Caplan. This quote is about two, advantage, sufficient, errors, data,.