Storms and Decisions
Misjudging storm severity can lead to a dangerous cycle of over-preparation and desensitization. When warnings are consistently exaggerated, people may ignore genuine threats, leaving them vulnerable when a truly severe storm strikes. The ongoing drought in California raises questions about resource management and the long-term implications of these decision-making patterns.In this clip
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All Else Equal: Making Better Decisions
Ep28 Incentives and Externalities
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