Einstein allegedly once said:
The model should be as simple as possible, but not simpler.
This week, I participated in a workshop on age-structured models in fishery economics (age-structured models tend to be complicated). The above quote came up several times. Workshops usually means beers (not only that, of course) and it was almost inevitable that a beer-themed modification to Einstein’s words of wisdom didn’t come up (at the bar, late at night):
You should have as many beers as possible, but not more.
And yes, the title is copped from Env-Econ.