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Pastimes : G&K Investing for Curmudgeons

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To: unclewest who wrote (6882)10/3/2000 9:37:39 AM
From: tekboy  Read Replies (4) of 22706
 
Copernicus and Einstein--and Moore, for that matter--developed abstract models of how a certain kind of system was supposed to behave. They then asked, "what signs might there be in the world around me that suggest my model is a good approximation of reality?" When experimental data conformed to the predictions of the model, they and others gained confidence that the model was useful.

That is how science works (or is supposed to work), and it's something quite different from looking at the data alone, without the benefit of any model, to try and find a pattern. If you do the latter, you may eventually end up with something that looks like a regularity, but it will usually be a mirage and will disappear over time.

ctb/A
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