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Know Your Limits

Michael Jones ()
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Michael Jones: University of Cincinnati

Chapter Chapter 2 in More Judgment Than Data, 2022, pp 17-31 from Springer

Abstract: Abstract People present one of the most challenging constraints in the decision-making process. Unlike machines, which can process increasingly larger amounts of data with sufficient computing resources, humans quickly reach a cognitive limit. People process data differently than machines. Biology, society, and history have all shaped the way humans incorporate data into their decision-making process. In addition, when humans generate data, the data production process itself may also alter human behavior. These complications may not arise every time or in every situation, but decision-makers must be aware of their existence and be prepared to handle them when they do appear. This particular chapter examines those circumstances when too much data affects how humans process and interpret data.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-99472-3_2

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DOI: 10.1007/978-3-030-99472-3_2

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