“We should continue to use simple models where they capture enough of the core underlying structure and incentives that they usefully predict outcomes. When the world we are trying to explain and improve, however, is not well described by a simple model, we must continue to improve our frameworks and theories so as to be able to understand complexity and not simply reject it.”

Elinor Ostrom (2009) "Nobel Prize Lecture", December 8.

Adopted from Wikiquote. Last update Sept. 30, 2023. History

Help us to complete the source, original and additional information

Do you have more details about the quote "We should continue to use simple models where they capture enough of the core underlying structure and incentives that …" by Elinor Ostrom?
Elinor Ostrom photo
Elinor Ostrom 4
American political economist 1933–2012

Related quotes

“General Systems Theory, as originally intended by Von Bertalanffy, is an ideal framework for the modeling of a business enterprise. Work, in its most civilized form should enrich, empower and emancipate. Thus we must continue to find ways to support work as a humanistic, not mechanistic endeavor. We must continue to seek out new models of business that support and enhance the individual as well as the collective whole. Given all this new technology, we need new institutions for handling it.”

Anthony Stafford Beer (1926–2002) British theorist, consultant, and professor

Beer (1974) Designing Freedom. House Of Anansi Press, Toronto cited in: B. Dawson (2007) "Bertalanffy Revisited: Operationalizing A General Systems Theory Based Business Model Through General Systems Thinking, Modeling, And Practice", In: Proceedings of the 51st Annual Meeting of the ISSS, 2007.

Ian Stewart photo

“If our brains were simple enough for us to understand them, we'd be so simple that we couldn't.”

Ian Stewart (1945) British mathematician and science fiction author

Source: The Collapse of Chaos: Discovering Simplicity in a Complex World

Orrin H. Pilkey photo
Judea Pearl photo
Henri Poincaré photo
Eduardo Torroja photo
Milton Friedman photo
Barack Obama photo

“There's no simple formula here. But we must try as best we can to balance isolation and engagement, pressure and incentives, so that human rights and dignity are advanced over time.”

Barack Obama (1961) 44th President of the United States of America

2009, Nobel Prize acceptance speech (December 2009)

Related topics