More data has been produced in the 21st century than all of human
history combined. Yet, are we making better decisions today than in
the past? How many poor decisions result from the absence of data? The
existence of an overwhelming amount of data has affected how we make
decisions, but it has not necessarily improved how we make
decisions. To make better decisions, people need good judgment based
on data literacy—the ability to extract meaning from data. Including
data in the decision-making process can bring considerable clarity in
answering our questions. Nevertheless, human beings can become
distracted, overwhelmed, and even confused in the presence of too much
data. The book presents cautionary tales of what can happen when too
much attention is spent on acquiring more data instead of
understanding how to best use the data we already have. Data is not
produced in a vacuum, and individuals who possess data literacy will
understand the environment and incentives in the data-generating
process. Readers of this book will learn what questions to ask, what
data to pay attention to, and what pitfalls to avoid in order to make
better decisions. They will also be less vulnerable to those who
manipulate data for misleading purposes.
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Data Literacy and Decision-Making
Produktdetaljer
ISBN
9783030994723
Publisert
2022
Utgiver
Springer Nature
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter