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Therefore, the ideal of the fully informed decision maker should be a reality. Unfortunately, this is far from the case (Grunberg, 1954). Explain the business problem(s) under investigation
As Einstein put it, ‘‘information is not knowledge’’ and although people are bombarded by information on a regular basis, this does not necessarily bring about knowledge. Several studies have analyzed the characteristics of the knowledge society as well as its blow on the production of official statistics. In this it analyzes the role of statistics in building a knowledge society (Grunberg, 1954).
Describe the data collection method(s) used in the research project
Information, Expectations and Economic Theory are used...
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