Question

Decision making depends upon the availability of information. Information here means

can anyone plz answer this question ​

Answer 1

Answer:

Information here means that what you know about the decision that you are going to make.

Hope it helps you mate!

Answer 2

Answer:

The availability of information and how you experience and understand it helps you in decision making.

Explanation:

• The "information" includes our past experience, intuition, knowledge, and self-awareness.
• Without proper information a "good" decision cannot be taken.
• Because you have to fight the unknown and face uncertainty.
• Knowledge, experience, or core values ​​in a particular situation can help you get a clear idea of ​​what the outcomes are and how to achieve/avoid those outcomes.
• However, knowledge and experience from similar situations can be dangerous when making decisions.
• More information helps us in making better decisions, but only up to a certain point.
• Information has to be relevant and develop relationships and insights.
• The quality of information is just as important as the quantity.
• It is important to have the right information for the context in which we are making our decisions because as much as the world is interconnected, not all connections are correlated and produce a (statistically) significant relationship.
• When selecting data points, we need to consider how much variability is there in the context of decision making.

Hence, decision making depends on the information. Information here means the data required to make correct decisions.

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