DePaul University's The Arditti Center for Risk Management Presents:
The Arditti Seminar Series February Session:
Risk Management and Policy Decision Making
Addressing the Big Things: The value of effective failure study
Good decision-making starts with the necessity of identifying the “big things” that really matter, and dealing with our over-reliance on instinct and pervasive use of the “induction fallacy.”
Although our natural bias favors the study of success, this process is insufficient and unsatisfactory, because the human default to instinctive decision-making reflects errors of bias and misperception – errors that can instead be reduced or avoided through “failure study.”
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The Arditti Seminar Series February Session:
Risk Management and Policy Decision Making
Addressing the Big Things: The value of effective failure study
Good decision-making starts with the necessity of identifying the “big things” that really matter, and dealing with our over-reliance on instinct and pervasive use of the “induction fallacy.”
Although our natural bias favors the study of success, this process is insufficient and unsatisfactory, because the human default to instinctive decision-making reflects errors of bias and misperception – errors that can instead be reduced or avoided through “failure study.”
READ MORE
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