This theory recognizes that humans are not perfect and that for every mistake in a model or schedule
there will be another "mistake" in somewhat equal scope to offset each other, hence rendering the model or budget still valid.
The idea behind is that things will anyway fall the way they fall and we cannot control for that.
The optimistic view is that this theory rejects Murphy's Law, the negligent take on it is the "Trust me, it will be OK" approach to life.
Decide where you want to be.
there will be another "mistake" in somewhat equal scope to offset each other, hence rendering the model or budget still valid.
The idea behind is that things will anyway fall the way they fall and we cannot control for that.
The optimistic view is that this theory rejects Murphy's Law, the negligent take on it is the "Trust me, it will be OK" approach to life.
Decide where you want to be.
Accountant 1: oh, crap... we forgot to add $1 million in income from product X sales to the budget
Accountant 2: oh, fudge... product Y's revenue is inflated by $980K...oh wait... based on the Theory of Offsetting Mistakes all is well, the numbers we gave the CEO are still valid, yay.
Girl: oh, crap... your condom broke
Dude: oh, fudge... you miscounted your days, your period is due today at 8pm.... you are not pregnant, yay.
Accountant 2: oh, fudge... product Y's revenue is inflated by $980K...oh wait... based on the Theory of Offsetting Mistakes all is well, the numbers we gave the CEO are still valid, yay.
Girl: oh, crap... your condom broke
Dude: oh, fudge... you miscounted your days, your period is due today at 8pm.... you are not pregnant, yay.
by Tim E Wastin August 26, 2013
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Get the Mistake mug.An MSM island by MemePDS that had all of its videos set to private as requested by one of the co-creators.
Person A: Fur Funhouse is the best island ever! I love furries!
Person B: No, the best island is Mistake Island!
Person B: No, the best island is Mistake Island!
by PomeranianFluff November 18, 2023
Get the Mistake Island mug.Tongue-in-cheek reference to Texaco's seemingly-insignificant error of drilling a 14"-diameter bore-hole into da roof of da Diamond Crystal Salt Company's hacked-out chasm underneath Lake Pigneur; as we all know, though, said comparatively-tiny geological puncture was ANYTHING BUT "miner" --- I mean, minor!
Poking a merely-foot-two-inch-diameter hole into da roof of a hollowed-out salt-cavern may indeed not sound very serious or dangerous, but when you consider dat (1) there was an entire lake on top of said fissure, and (2) da material surrounding said unintended vent was largely composed of readily-dissolvable salt --- which of course would just erode away and thus rapidly make said erroneous orifice progressively bigger --- said "miner mistake" was hardly "small potatoes", after all!!
by QuacksO December 31, 2023
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