Economic News as Information Economics. Decision VS Analysis, Which First Performed ?

 
Well to answer that question we must understand what is the purpose of the Economic Information.
What is the Information Economics ?

"Information economics or the economics of information is a branch of microeconomic theory that studies how information and information systems Affect an economy and economic decisions." (Wikipedia)

In this context, may I also mean how the flow of information and information systems related to economic news that directly or indirectly affect the economic condition of a country. That is, in this review are the focus of economic information is news about the economy. Despite, news of the political, social, cultural and others can also affect the economy. But to review more focused, then this review focus on economic news as an information economics. As an example, international crude oil prices, exchange rates, share prices, the central bank interest rate, inflation rate, etc. are presented in quantitative or qualitative. Meanwhile, media delivery also varied, whether it's through television, radio, internet, newspapers, magazines and so forth. As well, with the delivery of different periods, both in every week, day, hour, minute, or every second, trying to present the changes or developments related to the economy of a review.

Then, what is the function of the Information Economics ?
As economic actors (exporters / importers, investors, entrepreneurs, governments and others), of course, this information can then be absorbed (into the input), which is further processed in such a way (organize) to then produce a conclusion (output), and the conclusion is used in support of decision making. So the decision was made ​​after a series of things, then it is this series (input, organize, output) is referred to as Analysis, or analysis as a first step before making a Decision.

Is the Analysis Phase is Important to do ?
My answer is yes, it is very important

If your company is a Titanic was sailing to America, as a captain you have to analyze the weather, wind direction, temperature of sea water, the condition of the engine, fuel, crew, passengers and others. All this, just to make a decision.
Is the ship could run faster or not, and when to increase or decrease the speed of the ship ?
So that will not be delayed or worse hit an iceberg. 

However, the fault of the economic actors is, they describe the economic conditions later in the future, tend to only perspective (perception respectively) because each also only take a fraction of the economic factors as inputs for the analysis of each. And worse, they assume that these factors are able to represent in describing the economic conditions of a country or globally in the future.

So the illustrations, as well as Captain of the Titanic only be in part the ship's engine alone, and saw the condition of the ship's engine is good, then decided to speed up the ship, without seeing that the weather was bad. 

There are also economic actors who assume that the analysis phase is done after making the decision. Means that decisions are made and implemented further in the analysis, the company should not do it

Means, as well as invite captain Titanic sailed with his eyes closed, after striking an iceberg and then open the closed eyes

Hopefully this can give new insights for economic actors

Thanks.