Alternative facts in the Boardroom?

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

 

 

 

 

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