“Knowledge about the process being modeled starts fairly low, then increases as understanding is obtained and tapers off to a high value at the end.”

Source: Systems Engineering Tools, (1965), p. 130 cited in: Melvin Silverman (1996) The Technical Manager's Handbook: A Survival Guide. p. 74

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Knowledge about the process being modeled starts fairly low, then increases as understanding is obtained and tapers off…" by Harold Chestnut?
Harold Chestnut photo
Harold Chestnut 27
American engineer 1917–2001

Related quotes

“It is safer to try to understand the low in the light of the high than the high in the light of the low.”

Leo Strauss (1899–1973) Classical philosophy specialist and father of neoconservativism

Source: Liberalism Ancient and Modern (1968), p. 225
Context: It is safer to try to understand the low in the light of the high than the high in the light of the low. In doing the latter one necessarily distorts the high, whereas in doing the former one does not deprive the low of the freedom to reveal itself as fully as what it is.

Eugene Fama photo

“Firms that have a high BE/ME (a low stock price relative to book value) tend to have low earnings on assets. Conversely, low BE/ME (a high stock price relative to book value) is associated with persistently high earnings.”

Eugene Fama (1939) American economist and Nobel laureate in Economics

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 8

Michael Swanwick photo

“Information is information, Faust. Knowledge is knowledge. I make no distinction between the high and the low.”

Source: Jack Faust (1997), Chapter 6, “Practical Designs” (p. 80)

Seneca the Younger photo

“If you set a high value on liberty, you must set a low value on everything else.”

Epistulae Morales ad Lucilium (Moral Letters to Lucilius), Letter CIV: On Care of Health and Peace of Mind

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L'Amour (1908–1988) Novelist, short story writer

Source: Education of a Wandering Man

Clayton M. Christensen photo
Gerd Gigerenzer photo

“The usefulness of the models in constructing a testable theory of the process is severely limited by the quickly increasing number of parameters which must be estimated in order to compare the predictions of the models with empirical results.”

Anatol Rapoport (1911–2007) Russian-born American mathematical psychologist

Source: 1960s, Prisoner's dilemma: A study in conflict and cooperation (1965), p. 150

Billie Joe Armstrong photo

Related topics