85. Dan Gardner (part one) - superforecasting and fat tail risks

Enter the Boardroom with Nurole

Dan Gardner is the international best-selling author of Superforecasting, How Big Things Get Done, Risk and Future Babble. Tune in to hear his thoughts on: What are the key insights from Superforecasting for board members? (1:15) Can you expand on the idea of probabilistic thinking? (10:00) Practically, how can board members apply concepts like epistemic humility and base rates to their decision making? (12:56) Can board members be victims of their own success? (14:43) Do people account sufficiently for luck in previous successes? (17:04) How can boards make sure members get sufficient feedback on their decisions? (20:53) How can boards assess a prospective member’s judgement? (23:55) Why do smart people consistently underestimate the costs of projects, especially fat tail risks? (25:01) How can board members use base rates for IT and building projects to challenge and support? (31:52) Have you established any base rates for budgeting? (37:51)

Show notes and transcript available at https://www.nurole.com/news-and-guides