Facts, not beliefs, should drive policies

For policies resulting in solutions, policymakers need to apprehend facts as objectively as possible

We have a number of seemingly disparate economic problems that defy resolution. These can appear to be unrelated, such as languishing bank loan recovery and growth (excluding those attributable to corruption), glaring deficiencies in telecommunications services, while there’s supposedly an abundance of spectrum as well as unmet demand, a juxtaposition of power cuts with overcapacity in electricity generation amid reports of “lack of demand”, and so on. One reason for this is unintentional biases in perception that result in ineffective or even obstructive policymaking. Here is an explanation of the underlying condition, with some examples.

The basic malady is “confirmation bias”