One definition of information is the degree of uncertainty reduction.
How much information do you need to gather to achieve an acceptable confidence level that you have sufficient information to make a judgment or decision?
Herb Simon made a distinction between optimization and satisfaction. Similarly, an inverted U curve for amount of information gathered suggests that too much information creates an excessive cognitive processing load. Of course, other factors enter into your information gathering behavior, e.g., economic loss function for an incorrect judgment or decision, position of the person(s) in the organization to whom this recommendation is sent, diagnosticity of the information content.
Do you ask yourself explicitly if you have or have not gathered a sufficient amount of valuable information or are you compulsively attempting to conduct an exhaustive search?
Don’t permit this cause for information overload to be self-inflicted.
Marty Bariff, IORG Treasurer posting blogs during May.