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“(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often.”
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“The laws of economics are to be compared with the laws of the tides, rather than with the simple and exact law of gravitation. For the actions of men are so various and uncertain, that the best statement of tendencies, which we can make in a science of human conduct, must needs be inexact and faulty.”
― Principles of Economics
― Principles of Economics
“The difference between the poet and the mathematician is that the poet tries to get his head into the heavens while the mathematician tries to get the heavens into his head.”
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“A society can be Pareto optimal and still perfectly disgusting.”
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“I don’t deny that it was more than a coincidence which made things turn out as they did, it was a whole train of coincidences. But what has providence to do with it? I don’t need any mystical explanation for the occurrence of the improbable; mathematics explains it adequately, as far as I’m concerned.
Mathematically speaking, the probable (that in 6,000,000,000 throws with a regular six-sided die the one will come up approximately 1,000,000,000 times) and the improbable (that in six throws with the same die the one will come up six times) are not different in kind, but only in frequency, whereby the more frequent appears a priori more probable. But the occasional occurrence of the improbable does not imply the intervention of a higher power, something in the nature of a miracle, as the layman is so ready to assume. The term probability includes improbability at the extreme limits of probability, and when the improbable does occur this is no cause for surprise, bewilderment or mystification.”
― Homo Faber
Mathematically speaking, the probable (that in 6,000,000,000 throws with a regular six-sided die the one will come up approximately 1,000,000,000 times) and the improbable (that in six throws with the same die the one will come up six times) are not different in kind, but only in frequency, whereby the more frequent appears a priori more probable. But the occasional occurrence of the improbable does not imply the intervention of a higher power, something in the nature of a miracle, as the layman is so ready to assume. The term probability includes improbability at the extreme limits of probability, and when the improbable does occur this is no cause for surprise, bewilderment or mystification.”
― Homo Faber
Tuomas’s 2024 Year in Books
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