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DANGER: Rocks Ahead!

Cautionary Tales with Tim Harford

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Navigating Risks and Decisions

This chapter uses the metaphor of an oil tanker maneuvering through tight spaces to illustrate the importance of precision in high-stakes decision-making. It discusses how plan-continuation bias can affect both professionals and everyday individuals, emphasizing the need for reflection when faced with critical choices. Through gripping anecdotes, it further explores the consequences of adhering too rigidly to plans, as seen in a medical emergency scenario that highlights the chaos of ineffective responses under pressure.

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