Approximation Quotes
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For those, like me, who can't rely on being given a home smoker this Christmas, you can build your own approximation with just a roll of tin foil and a big wok or pan for which you have a lid.
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Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption.
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It is the mark of an educated mind to rest satisfied with the degree of precision which the nature of the subject admits and not to seek exactness where only an approximation is possible.
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An Obama presidency would be an amusing approximation of the Carter administration, complete with vaporous moralizing and foreign policy bungling.
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Every one of us sees 'green' differently. So everything is an approximation of understanding.
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History is a series of approximations of the final singularity.
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Everything we know is only some kind of approximation, because we know that we do not know all the laws yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected.
