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Cognitive biases, oversimplified assessments, vanishing flights and real life lessons

Cognitive biases, oversimplified assessments, vanishing flights and real life lessons It was a late afternoon in Tokyo, back in the year 2000. I was giving a presentation to a small group of executives from an Japanese airline. 9/11, Air France 447 and Malaysian Airline MH370 had not occurred yet. The subject, I am sure you’d guessed right, was risk management. I was talking about probabilities of events and long chains of small deviations that can lead to accidents. All of a…

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