Source: David Brancaccio (2013) " Nobel Prize in Economics winner Lars Peter Hansen on imperfect models http://www.marketplace.org/topics/economy/nobel-prize-economics-winner-lars-peter-hansen-imperfect-models" at marketplace.org.
““Obviously, the Rraey have some way to predict, with a high degree of accuracy, where our ships are going to skip. How do they do that?”
“I don’t think you’re supposed to be able to,” I said.
“That’s exactly right. But they do anyway. So, quite obviously, our model of how skipping works is wrong. Theory gets thrown out the window when observation proves it isn’t so. The question now is what is really going on.””
Source: Old Man’s War (2005), Chapter 13 (p. 224)
Help us to complete the source, original and additional information
John Scalzi 68
American science fiction writer 1969Related quotes
1960s, Telephone call with Senator Richard Russell (May 27, 1964)
Engagement interview (November 2017)
"TUF 2 welterweight finalist Luke Cummo" https://www.mmaweekly.com/tuf-2-welterweight-finalist-luke-cummo, interview with MMAWeekly.com (November 2, 2005).
1960s-1980s, "How should economists choose?" (1981)
First post-engagement interview (2010)
Regarding stopgap measures for the federal budget, White House press conference (11 July 2011) http://www.whitehouse.gov/the-press-office/2011/07/11/press-conference-president
2011, Remarks on the economy (July 2011)