In era of Alternative facts in the political arena – it crossed my mind: what about the facts in the boardroom. How well are facts and figures presented in the boardroom as the basis of a discussion or a descision to be made.

In research on this topic I found this presentation: How to Lie, Cheat, Manipulate and mislead using Statistics and Graphical Displays (Presentation).

Bottom line:

Always be critical on facts and figures presented – not only challenging the facts and figures but are the facts and figures contributing to a descision  or do you need more and/or in a different manner.

And if in doubt use the Lie Factor –

The “Lie Factor” is a value to describe the relation between the size of effect shown in a graphic and the size of effect shown in the data.

LIE FACTOR

 

 

 

 

Gepubliceerd door Robert Boogaard

Financial with 20 years of (business)-finance experience in a high paced national and international environment.

Plaats een reactie

Vul je gegevens in of klik op een icoon om in te loggen.

WordPress.com logo

Je reageert onder je WordPress.com account. Log uit /  Bijwerken )

Google photo

Je reageert onder je Google account. Log uit /  Bijwerken )

Twitter-afbeelding

Je reageert onder je Twitter account. Log uit /  Bijwerken )

Facebook foto

Je reageert onder je Facebook account. Log uit /  Bijwerken )

Verbinden met %s

%d bloggers liken dit: