Sentences with phrase «false precision»

Again, I want to avoid any impression of false precision.

Assessing valuation is inherently imprecise, so rounding prices to the nearest dollar and using sensible ranges is, in my opinion, better than trying to achieve false precision.

To avoid fallacies that can accompany false precision, we recently altered what we refer to as «Table 6.1» of the forecasts in the Statement by presenting ranges for GDP and inflation in 1/2 percentage point increments, rather than 1/4 percentage point increments (shown below).

Yet faith in false precision seems to us to be one of the many imperfections our species is cursed with.

That carries the possibility of false precision.

Assessing valuation is inherently imprecise, so rounding prices to the nearest dollar and using sensible ranges is, in my opinion, better than trying to achieve false precision.

No small part of that mispricing, Buffett says, is driven by what he views as the false precision provided by models like Black - Scholes.

Still others are characterized by false precision or misplaced specificity.

Assessing valuation is inherently imprecise, so rounding prices to the nearest dollar and using sensible ranges is, in my opinion, better than trying to reach a false precision.

People become too complacent, because of the false precision of mathematics.

He stresses that we should be skeptical of the false precision and unwarranted sense of control that come with the use of quantitative tools, such as Monte Carlo simulations and Markowitz optimizations.

[Response: I'm not a fan of false precision — since the uncertainty range on this number (as given by IPCC) is 1.13 — 3.33, I see little point in calling it 2.29 with three significant digits.

Now if you strip away all that false precision, you have A fairly well known forcing that should produce SOME warming with SOME indeterminate degree of variation related to two or more competing semi-linear internal responses to all forcings, some of which aren't very well balanced.

This just represents for me the kind of false precision, the over-estimation of knowledge about a process, that so characterizes climate research.

The model output is simply nonsense, the false precision is a joke, the error bands swamp the signal, and the so called causal relationship between CO2 and global average temperature is wishful thinking.