When we make plans, we naturally believe that the future will go according to plan. That wrong-headed mental blindspot, the planning fallacy, results in not preparing for contingencies and problems, both predictable ones and unknown unknowns.
We suffer from the tendency to prioritize the short term, and undercount the importance of medium and long-term outcomes. Known as hyperbolic discounting, this cognitive bias is especially bad for evaluating the potential long-term impacts of the COVID-19 pandemic.
Dr. Gleb Tsipursky wants to protect us from cognitive bias and joins Adam to share his insight and strategies for adapting to the pandemic.
We're not out of the COVID-19 woods yet, and if you want to learn how to prepare for long-term, tune in!