Safety and The Sunk Cost Fallacy In a recent debate on LinkedIn the discussion turned to the effectiveness or otherwise of concepts such as zero harm, BBS and other safety fads. Someone asked the question: “if so many people realise that this stuff doesn't work or is even harmful then why do we … [Read more...] about Safety and The Sunk Cost Fallacy
sunk cost
Anchoring Safety to Objects
Anchoring Safety to Objects Anchoring refers to a human bias that ‘holds’ to a view or position based upon how it was introduced and ‘sunk-cost’ associated with commitment to that position. Anchoring acts as a ‘fast and efficient’ heuristic that short cuts any need for challenge, questioning and … [Read more...] about Anchoring Safety to Objects