I prefer to quantify my lack of information and call it a prior. Then it's even better than wrong information!
The numerical value of the prior itself doesn't tell how much information -- or lack thereof -- is incorporated into the prior.
What's a simple way to state how certain you are about a prior, i.e. how stable it is against large updates based on new information? Error bars or something related don't necessarily do the job -- you might be very sure that the true Pr (EDIT: that was poorly phrased, probability is in the mind etc., what was meant is the eventual Pr you end up with once you've hypothetically parsed all possible information, the limit) is between ...
Another month has passed and here is a new rationality quotes thread. The usual rules are: