Browse & Filter Biases

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Need To Act Fast

To act, we must be confident we can make an impact and feel what we do is important

Peltzman effect

Description

(A specific type of Risk Compensation) The hypothesized tendency of people to react to a safety measure by increasing risky behavior.

Peltzman effect in business decision

If a company implements a very lenient sick leave policy, some employees might take more "mental health days" or call in sick for minor reasons, offsetting some of the intended benefits by increased absenteeism.

Peltzman effect in personal life decision

You ski more aggressively wearing a helmet, taking risks you wouldn't take without one.