We want to get 80%-85% of predictions right, not 100%. Or else we calibrated our estimates in the wrong way.
Nate SilverBy playing games you can artificially speed up your learning curve to develop the right kind of thought processes.
Nate SilverYou can build a statistical model and that's all well and good, but if you're dealing with a new type of financial instrument, for example, or a new type of situation - then the choices you're making are pretty arbitrary in a lot of respects.
Nate Silver