Business Quote by Guy Thomas
““To limit the time resource applied to any one company, he reminds himself of psychological research which suggests that in many contexts decisions are best made with no more than five to seven points of information. Any more information beyond that does not significantly improve decisions, and may even degrade them.””
About This Quote
Source Book: The Decision-Making Process, 2021
Limiting information to 5-7 points improves decision quality; excess data can hinder judgment.
In simple terms: Too much info hurts decisions.
Key Takeaway
Focus on key points.
Themes
decision making
information overload
psychology
Mood
analytical
pragmatic
Type
advisory
instructional
When to use this quote
- business meetings
- project planning
- product design
- policy analysis
Key Concepts
cognitive limits
heuristics
Questions to Reflect On
- How many points do you consider?
- When does extra data help?
A Different Perspective
Complex problems may need more data.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)