Information Bias

Summary

• Thinking that more information guarantees better decisions

Details

• Dont try to collect all teh data. Its not possible. Also, after a certain point it doesnt add much to the decision possibly even distracting from underlying principles.
• Do your best to get by with bare facts.
• Superflous knowlege is worthless

References

• The Art of Thinking Clearly by Rolf Dobelli

Quotes

• "If You Have an Enemy, Give Him Information: Information Bias"

Related

• Chauffeur knowlege
• Think about before making a decision
• The forecast illusion
• The clustering illusion - seeing patterns where none exist
• Identify good sources for information