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Evidence Based Decision Making Quotes

Browse 17 quotes about Evidence Based Decision Making.

Evidence Based Decision Making Quotes

“Another situation in which we attend to base rates occurs if people ascribe some causal significance to discrepant rates. When they can see the causal relevance of the base rates, they often incorporate them into their reasoning. For example, the belief that one bus company has more accidents than another because its drivers are more poorly selected and trained will influence mock jurors to take this difference in accident rates into account in evaluating eyewitness testimony; but belief that a bus company has more accidents simply because it is larger will not. Study after study has shown that when these rates are merely statistical as opposed to causal, they tend to be ignored. Exactly the same effect seems to occur in real courtrooms; naked statistical evidence is notoriously unpersuasive.”

“Use of analytics is accelerating, and that means more data-driven decision making and fewer hunches. Evidence-based management complements analytics by adding validated cause-and-effect relationships between policies and effects.”

“You see, faith means the same thing as the word “trust”, or as I often like to say; “Faith is when someone is holding you over a ledge and you know in your heart that not only will they not let you fall, they’ll pull you up to safety”. You know that the person holding onto you exists. You have very powerful evidence that that person exists, but you still have faith in them. This is the real definition of the word “faith”.”