Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It

Why mathematical models are so often wrong, and how we can make better decisions by accepting their limits

Whether we are worried about the spread of COVID-19 or making a corporate budget, we depend on mathematical models to help us understand the world around us every day. But models aren’t a mirror of reality. In fact, they are fantasies, where everything works out perfectly, every time. And relying on them too heavily can hurt us.

In Escape from Model Land, statistician Erica Thompson il...