Tag: New COVID strains

We greatly underestimate the dangers of the new COVID strains due to cognitive biases such as normalcy bias, hyperbolic discounting, and planning fallacy. We need to change our plans drastically to adapt to the new reality. That's the key take-away message of this episode of the Wise Decision Maker Show, which answers the question: should you be worried about the new COVID strains?

We greatly underestimate the dangers of the new COVID strains due to cognitive biases such as normalcy bias, hyperbolic discounting, and planning fallacy. We need to change our plans drastically to adapt to the new reality.