It seems to me if you are making decisions about something and you have 20 percent less information or less accurate information, would that drive up the cost of not only getting the data that you need, but would it also compromise the likelihood of the validity or the highest level of validity of decisionmaking that then would occur?
Danny Davis: “It seems to me if you are making decisions about something and you have 20 percent less information or less accurate…”
Editor's note · Context
Davis questions the implications of reduced data accuracy on decision-making costs.
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