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by abuteau 3272 days ago
Other people that used that quote is Emanuel Derman. He's an interesting character (PHD in theoretical physics, Ex-Goldman Sachs Partner). He is the author of Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life [1] and wrote a great paper on Metaphors, Models & Theories. I did a review of his paper [2], but some highlights:

Theories: Tell us what something is. According to Derman, theories “deal with the world on its own terms, absolutely.”

Models: Tell us what something is partially like. According to Derman, models are “reductions in dimensionality that always simplify and sweep dirt under the rug.”

Metaphors: Models can be compared to Metaphors. Metaphors are relative descriptions that compare it to something similar, but better understood through theories or real life applications.

"A model is a metaphor, not the thing itself. Good metaphors compare something we don’t understand, to something we think we do. Based on this, a model is simple and of limited applicability when compared to the real thing as it focuses on some parts rather than the whole. It is a caricature which overemphasizes some features at the expense of others."

[1] http://bit.ly/dermanmodels [2] https://medium.com/pnr-paper/metaphors-models-theories-fb406...