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Not Enough Meaning

We simplify probabilities and numbers to make them easier to think about

Normalcy bias

Description

A cognitive bias which leads people to disbelieve or minimize threat warnings.

Normalcy bias in business decision

Business leaders might ignore early signs of a significant market disruption or economic downturn, assuming things will continue as they always have.

Normalcy bias in personal life decision

You don't prepare for a severe storm because in your memory storms have never caused serious damage where you live.