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.