Look up bounded rationality. You might have access to knowledge but not to resources. Resources may exist but not enough time. Resources and time maybe availabl

Look up bounded rationality. You might have access to knowledge but not to resources. Resources may exist but not enough time. Resources and time maybe available but not enough skill etc etc Obama spent lot of time with academics but didnt really pull off anything interesting. Herbert Simon - decision makers have to satisfice - either by finding optimum solutions for a simplified world, or by finding satisfactory solutions for a more realistic world. Neither approach dominates the other.