Sunday, 17 November 2013

Climate and Weather

Climate refers to the long-term equilibriums that the planet achieves; weather describes short-term deviations from it.

- Nate Silver (The Signal and the Noise)

Sunday, 3 November 2013

Risk and Uncertainty

Risk greases the wheels of a free-market economy; uncertainty grinds them to a halt.

- Nate Silver (The Signal and the Noise)

Risk on livelihood

Human beings have an extraordinary capacity to ignore risks that threaten their livelihood, as though this will make them go away.

- Nate Silver (The Signal and the Noise)