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Decisions, Commitments and Real Options - Jabe Bloom

When we look at the relationship between decisions, options and information, the most obvious relationship is that good, relevant information helps us choose between options, producing good decisions. However, when we examine information and our processes it quickly becomes clear that we don't always have immediate access to the information we need, it may not even exist yet, or we may not have access to experts that can decode and interpret the information, making it tractable to our decisions. Information, knowledge and expertise is created, arrives and becomes useful over time.

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