The Modeler’s Hippocratic Oath

The Modeler’s Hippocratic Oath

I will remember that I didn’t make the world, and it doesn’t satisfy my equations.

Though I will use models to boldly estimate value, I will not be overly impressed by mathematics.

I will never sacrifice reality for elegance without explaining why I have done so.

Nor will I give the people who use my model false comfort about its accuracy. Instead I will make explicit its assumption and oversights.

I understand that my work may have enormous effects on society and the economy, many of them beyond my comprehension.

source: http://www.zerohedge.com/news/james-montier-complexity-impress-monkeys-g...