Howard Kunreuther on Behavioral Economics of Risk

Howard Kunreuther is the foremost authority on applying behavioral economics to unlikely, high consequence events. I remain astounded that Howard's teachings are not part of the educational canon for all insurance professionals. This is important stuff!In this episode we discuss:* Cognitive bias and how it impacts society generally and insurance in particular* How we might overcome cognitive bias in our decision making* Prioritization of risk* How politics really is the mediating force for discussing risk* Does voter irrationality give us cause for hope? show notes at:http://notunreasonable.com/?p=7470youtube link:https://youtu.be/wxSsddUAIFUTwitter: @davecwrightSurprise, It's Insurance mailing listLinkedin Social Science of Insurance Essays