5min chapter

The Human Risk Podcast cover image

Gerald Ashley & Paul Craven on Statistics, Spreadsheets & Scam Artists

The Human Risk Podcast

CHAPTER

The Importance of Satisficing

Giga Rensors says we act in a way that gives us just about what we need, not necessarily the perfect bullseye or 100% answer. Some people will be better at making good decisions and some will be dreadful. But heuristics or rules of thumb are a good way to get around this problem. And there's a phrase I always like: 'There's no ish in a spreadsheet'

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