May 17, 2010

What Do You (Think) You Know?


"Some problems are so complex that you have to be highly intelligent and well-informed just to be undecided about them."

Dr. Laurence J. Peter
Professor of Management/Author


Funny but true.

Sometimes the decision must come after first recognizing that you don't know enough to decide, which is very different than making decisions telling yourself you do know enough.

If you're rolling the dice, at least know that you are.


2 comments :

  1. This reminds me of decision tree analysis in college statistics where you arrive at a likely outcome based on a number of assumptions. Of course, the quality of that projected result is only as good as the assumptions.

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  2. Very coincidental you say that. I was just talking with my about-to-start-his-MBA son regarding statistics. He is going through that very thing now in a pre-class.

    It's so logical making those assumptions in an academic setting but when the assumptions are for real, and you know how little you know, it all looks very different.

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