How might policymakers make reasonable decisions when they have limited information?

Type :
Research reports & papers
Author :
Proceedings of the National Academcy of Sciences
Published :
2010
Link :

Planners typically do not possess all the knowledge required, so there is reason to consider policy formation with partial knowledge of policy impacts. Considers choice of a vaccination policywhen a planner has partial knowledge of the effect ­of vaccination on illness rates.