How social and economic policies and decisions are often made without a clear understanding of the components
Question:
How social and economic policies and decisions are often made without a clear understanding of the components of the system and its various feedback loops. Provide an example of two policy decisions one that was based on an incorrect understanding of the system dynamics and a second example of a policy decision based on an accurate understanding of the system. The impact of stocks and flows similar to a lack of understanding of causal loops, an inability to see the impact of stocks and flows can result in poor decisions. Provide an example of how an incorrect understanding of stocks and flows resulted in a poor decision or policy.
How could a better understanding of the system have prevented this poor decision or policy?
Principles of Information Systems
ISBN: 978-1305971776
13th edition
Authors: Ralph Stair, George Reynolds