A good decision is based on knowledge and not on numbers.
Sentiment: POSITIVE
When it comes to making decisions, I'm not what you'd call a numbers guy.
Often any decision, even the wrong decision, is better than no decision.
Decisions should be based on facts, objectively considered.
People tend to think that numbers are quite objective, but numbers in economics are not like this. Some economists say they're like sausages: you don't know what they really are until you cut into them.
It's not hard to make decisions when you know what your values are.
The key to good decision making is evaluating the available information - the data - and combining it with your own estimates of pluses and minuses. As an economist, I do this every day.
It is not always what we know or analyzed before we make a decision that makes it a great decision. It is what we do after we make the decision to implement and execute it that makes it a good decision.
There is strength in numbers, but organizing those numbers is one of the great challenges.
It's true that I have always been very comfortable with numbers.
A few honest men are better than numbers.
No opposing quotes found.