Sentences with phrase «decisions with incomplete information»

«Oftentimes, we have to make decisions with incomplete information.

Life is the art of making decisions with incomplete information.

Not exact matches

Often we are faced with disparate information, incomplete data, only parts of the puzzle rather than the whole, or hints and innuendo rather than verifiable fact, and then are required to make important investment decisions where the downside if we get it wrong can be quite painful.

«A major policy decision by a public body to replace an airport with a park should not be made based on secret, incomplete information,» Brown said in his letter.

They highlight that in the hospital the situation is fraught with anxiety, emotion, time pressures and competing priorities, and decisions are often based on unclear or incomplete information.

Plus, traditional family court decisions rely on infrequent contact with a family and often incomplete information aided by lawyers who may withhold or manipulate information to protect their clients.

Although these local and state officials are besieged by a cacophony of opinions from those who hope to advise, influence, undermine, expose, or (rarely) applaud them, they must ultimately act alone, realizing that every major decision is made with incomplete information, involves tradeoffs, and inevitably bears unintended consequences.

Therefore, even though GreatSchools attempts to provide parents with information regarding the academic achievement of schools, the picture it provides is a very incomplete one, and once again leaves parents lacking the information they need to make a fully informed decision.

Make good decisions even with incomplete information.

People (including scientists engaged in research) have been making decisions with incomplete and uncertain information for centuries.