Q. Impact of digital technology as reliable source of input for rational decision making is debatable issue. Critically evaluate with suitable example.

Model Answer: 

Impact of Digital Technology on Rational Decision Making

The impact of digital technology as a reliable source of input for rational decision making has been a debatable issue. On the one hand, the availability of vast amounts of data, easy access to information, and sophisticated analytical tools has led many to believe that digital technology can provide highly accurate and reliable information for decision making. On the other hand, the quality and accuracy of digital information can often be questionable, leading to flawed decisions.

For example, in India, the government’s decision to demonetize high-value currency notes in 2016 was based on the belief that it would curb black money and corruption. The decision was supported by data on the circulation of high-value notes, but the accuracy of this data has been questioned, and many experts have criticized the move as a flawed decision.

Another example is the use of social media data in predicting election outcomes. While social media data can provide valuable insights, it can also be biased and unreliable, leading to inaccurate predictions and flawed decision making.

Therefore, while digital technology can be a valuable tool for decision making, it is essential to be cautious and critical in evaluating the accuracy and reliability of the information available.