Thursday, January 24, 2008

Practicality of a Good Theory

'... it is regrettable to see how many wasteful and superfluous studies have been and are still being undertaken, only because of lack of theoretical insight and understanding. As a great scientist once said: "There is nothing more practical than a good theory."'

from Robust Statistics - The approach based on Influence Functions, Frank R. Hampel et. al., 1986, Pg 6

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