After the challenger accident, you had an initial engineering study which basically said, don't launch below forty degrees. And then what happened after challengeer? The opposite. They bumped the criteria up to where they weren't launching. Oh, there's a rain shower out over the bahamas. We'd better not go to day because's it's potentially risky and we don't understand it. You under react or over react to that hazard based on your short term experience,. even thogh the probabilities haven't changed.
On this episode we meet with risk expert and consultant, Chuck Watson.
Watson analyzes the types of risk we face in the modern world - from climate change to nuclear arms - and how the decisions of experts help us from plunging into the abyss. How do humans manage our instincts to over-react to risks we recently experienced with high-consequence, low-probability situations?
Further, Watson explores the role of human agency in risk analysis. How are humans smart enough to build dangerous systems, but unable to manage the same systems? He looks at how building stronger governance systems will allow humans to overcome our current predicament.
About Chuck Watson:Chuck Watson is the founder and Director of Research and Development of Enki Holdings, LLC.
Enki’s models and their outputs are used by governments around the world such as the US Government (NASA, Defense Department, State Department, EPA), the States of Florida, Georgia, North Carolina, South Carolina, and Hawaii, as well as the insurance industry and UN Agencies. Chuck has been a frequent guest on NPR, CNBC, and Bloomberg News providing expert perspectives on the economic impacts of natural and anthropogenic hazards.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/04-chuckwatson