Monsanto had a very strong culture of safety. It was expected at least 1% in the room mention one near miss that they witnessed or that they happened to themselves. The injuries that happened down your hierarchical line affects your bonus and chances of promotion.
Author and consultant Luca Dellanna talks with EconTalk host Russ Roberts about the importance of avoiding ruin when facing risk. Along the way Dellanna makes understandable the arcane concept of ergodicity and shows the importance of avoiding ruin in every day life.
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