Knowledge.  The simple dictionary definition of knowledge, that is, knowing or familiarity gained by experience, is not sufficient for use in risk management and decision making. It is not data, nor information. It exists only in human minds and cannot be stored directly or completely in computers or in any other medium.

Please contact Argos Press Pty Ltd to request information on licensing content from this web site (including this entry on System Dynamics). © Argos Press Pty Ltd, Canberra, 2003-2005. All rights reserved.