Howard Kunreuther on Behavioral Economics of Risk
Description
Howard Kunreuther is the foremost authority on applying behavioral economics to unlikely, high consequence events. I remain astounded that Howard's teachings are not part of the educational canon for all insurance professionals. This is important stuff!
In this episode we discuss:
* Cognitive bias and how it impacts society generally and insurance in particular
* How we might overcome cognitive bias in our decision making
* Prioritization of risk
* How politics really is the mediating force for discussing risk
* Does voter irrationality give us cause for hope?
show notes at:
http://notunreasonable.com/?p=7470
youtube link:
https://youtu.be/wxSsddUAIFU
Twitter: @davecwright
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