Data-Driven Decision-Making: A Guide To Objective And Informed Choices
Fact-based decision-making, rooted in principles of evidence-based decision-making and rational decision-making, emphasizes the use of objective data and analysis to make informed decisions. It involves identifying and mitigating cognitive biases and heuristics that can impair objectivity, employing risk assessment and decision support tools to evaluate potential outcomes, and implementing practical guidelines for applying fact-based decision-making…