Category: Risk Management

A very simple explanation of risk — likelihood and consequences — and how to use a risk matrix. https://youtu.be/-E-jfcoR2W0 Please share your thoughts regarding how…

The Dunning-Kruger effect is a cognitive bias in which people overestimate their knowledge or ability in a specific area. This tends to occur because a…

Memorizing a few rules might serve you well when you are just getting started, but ultimately you will encounter situations where the ability to discern…

Heuristics are a fundamental part of how humans make decisions and judgements. They are intuitive mental shortcuts used to solve a particular problem. Using trial-and-error…