Doing the Best We Can With What We Have

  1. Accepting that all models are wrong in certain instances is not a license to ignore the facts. As a society, we should search for better answers, look for evidence, and strive to increase the accuracy of our knowledge.

    At the same time, there is a common peril on the other end of the spectrum. Too many people waste time debating if something is perfectly correct, when they should be focusing on if it is practically useful.

    We live in a world filled with uncertainty, but we still need to get things done and make decisions. It is our responsibility to develop a way of thinking about the world that generally fits the facts we have, but to not get so gummed up thinking about things that we never actually do anything. As Harvard professor Daniel Gilbert puts it, “The world doesn’t have the luxury of waiting for complete answers before it takes action.”

    Impartial answers are the best we have. Focus on what is practical and take action. All models are wrong under some circumstances, but the important thing is if they are generally useful.