“Simon received the Nobel Prize in 1978 for his contribution to organizational decision making: It is impossible to have perfect and complete information at any given time to make a decision.”
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Similar quotes
“You can only make decisions with the information you have at the time”
“For the employee, the goal is to have full access to necessary information and as much independent decision-making ability as possible. For the entrepreneur, the goal is to grant as much information and independent decision-making ability to employees or contractors as possible.”
“In life, we make the best decisions we can with the information we have on hand.”
“But here’s a critical point—more open decision making processes also typically require open information sharing. If you are going to involve more people in the process, they have to have the right information on which to base their decisions.”
“People will not change their minds but they will make new decisions based upon new information.”