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You cannot make decision on information alone

I was watching the interview with Georege Soros by Google CEO and this sentence from George Soros and I was captured by this sentence. I think what he wanted to say was people don't make decision using information alone. When they make decisions, a lot of other things come in to interfere with the decision making. These things include emotions like fear, greed etc. Apart from that, people's anchoring causes them to be bias towards certain choices.

In trading, it is very important to make sure we make decisions based on facts instead of emotions or intuitions. It is important that we do not let our emotions blind us the facts in front of us.
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