Real Risk and Perceived Risk
Saturday, September 27th, 2008What is the difference, and does it matter? Whether implementing a new technology or attempting to solve a problem we currently face in the world or even just making mundate decisions about our daily activities, we continually make judgements about the risks we face. With our liminted resources, time, and skill we choose to limit [...]
What is the difference, and does it matter?
Whether implementing a new technology or attempting to solve a problem we currently face in the world or even just making mundate decisions about our daily activities, we continually make judgements about the risks we face. With our liminted resources, time, and skill we choose to limit some of our exposure to risk and accept others. But, when making those decisions, we open ourselves to psychological biases about risk and often make a decision that puts us in a poorer position than we otherwise would have been. Read the rest of this entry »




















