Economical models are statistical models developed by people who are not trained statisticians.
Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write.
It is a well-known statistical paradox that the average age of women over forty is under forty.
Morris James Slonim
A theory has only the alternative of being right or wrong. A model has a third possibility: it may be right, but irrelevant.
Manfred Eigen, The Physicist’s Conception of Nature, edited by Jagdish Mehra (p. 618)
This pie chart was published on the website of on of the major newspapers in Israel, attempting to summarize the paper’s poll prediction of the election results, that will be held on January 22, 2012. Apparently, 57% will not a sufficient majority to guarantee a win.
The pie was on the website for a few hours before it was fixed.
I would like to thank Itay Asher who sent me the screen print.