8th Layer Insights The Risk Episode: Black Swans, Grey Rhinos, Angels & Demons
10 snips
Aug 31, 2021 AI Snips
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Transcript
Episode notes
Internal Angel And Demon Drive Risk Choices
- Humans run an internal debate on risk like an angel and a demon, constantly scanning for threats while another part minimizes consequences.
- Perry Carpenter uses the catch metaphor to show automatic heuristics can save time yet cause major miscalculations.
Risk Fingerprint Explains Individual Risk Patterns
- Michele Wucker introduces the risk fingerprint: each person's risk choices reflect personality, habits, environment and experiences.
- She explains shocks can make some people more risk tolerant and others withdraw, shaping unique lifelong patterns.
Our Brains Aren't Built For Today's Decision Volume
- Modern decision environments overload cognitive systems evolved for simpler contexts, causing information overload and poor risk estimates.
- Christian Hunt cites 30,000 daily decisions and social media as mismatches that bring out worst behaviors.