Natural Rate Hypothesis

Famous quotes containing the words natural, rate and/or hypothesis:

    Though a censure lies against those who are poor and proud, yet is Pride sooner to be forgiven in a poor person than in a rich one; since in the latter it is insult and arrogance; in the former, it may be a defense against temptations to dishonesty; and, if manifested on proper occasions, may indicate a natural bravery of mind, which the frowns of fortune cannot depress.
    Samuel Richardson (1689–1761)

    Writing a book I have found to be like building a house. A man forms a plan, and collects materials. He thinks he has enough to raise a large and stately edifice; but after he has arranged, compacted and polished, his work turns out to be a very small performance. The authour however like the builder, knows how much labour his work has cost him; and therefore estimates it at a higher rate than other people think it deserves,
    James Boswell (1740–1795)

    It is a good morning exercise for a research scientist to discard a pet hypothesis every day before breakfast. It keeps him young.
    Konrad Lorenz (1903–1989)