• Media type: E-Article
  • Title: Information Systems in Management Science—Concerning the Dangers of Little Knowledge
  • Contributor: Vazsonyi, Andrew
  • imprint: Institute for Operations Research and the Management Sciences (INFORMS), 1979
  • Published in: Interfaces
  • Language: English
  • DOI: 10.1287/inte.9.3.78
  • ISSN: 0092-2102; 1526-551X
  • Keywords: Management of Technology and Innovation ; Management Science and Operations Research ; Strategy and Management
  • Origination:
  • Footnote:
  • Description: <jats:p> Information system analysts often say that information reduces or even eliminates uncertainty. This is supposed to be a good thing because uncertainty disagrees with the nervous system of executives, who recognize only two possible probability values: 0 and 1. That information reduces uncertainty is “scientifically proven” by invoking the Wiener-Shannon theory of information and the concept of entropy. </jats:p><jats:p> Now I find all this confusing or downright erroneous. Perfect information or complete knowledge—difficult, expensive, or well-nigh impossible to find—does eliminate uncertainty. But imperfect or little knowledge—a more practical commodity—does much more curious or subtle things. </jats:p><jats:p> One of the aims of information calculus advocated by this writer is to clarify and remove confusion in this field. So in this column I illustrate what imperfect information does, and show that the phrase “remove uncertainty” does not make good sense. </jats:p>