How much information is considered too much information when it comes to business decisions?

There are those who believe they already know enough to handle just about any situation and they've come to rely on gut instincts. These people are sometimes admired for this ability, but has enough measurement been done to determine if those gut choices are great decisions or merely good ones?

Baseball managers are known to "throw out the book" when they make difficult choices that aren't supported by the game's conventional wisdom, although going by the book means relying on old measurements that are often based on incomplete data.

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