“In some ways, we haven’t yet fully appreciated our new freedom to collect and use larger pools of data. Most of our experience and the design of our institutions have presumed that the availability of information is limited. We reckoned we could only collect a little information, and so that’s usually what we did. It became self-fulfilling. We even developed elaborate techniques to use as little data as possible. One aim of statistics, after all, is to confirm the richest finding using the smallest amount of data. In effect, we codified our practice of stunting the quantity of information we used in our norms, processes, and incentive structures.”