Summary of “Megan McArdle on Catastrophes and the Pandemic” EconTalk - Episode Summaries
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- Investissement
Economist Russ Roberts interviews business journalist Megan McArdle about the pandemic and whether we are prepared to avoid repeating history and prevent a new crisis. McArdle believes that after every crisis, people tend to look back for things that should have been done differently. This hindsight helps people learn from the mistakes that were made. But there is also an issue with hindsight bias, which refers to the human tendency to believe that some events are more predictable than they actually are. This is because humans like to think they are in control. This podcast was originally recorded on March 5, 2021.
Economist Russ Roberts interviews business journalist Megan McArdle about the pandemic and whether we are prepared to avoid repeating history and prevent a new crisis. McArdle believes that after every crisis, people tend to look back for things that should have been done differently. This hindsight helps people learn from the mistakes that were made. But there is also an issue with hindsight bias, which refers to the human tendency to believe that some events are more predictable than they actually are. This is because humans like to think they are in control. This podcast was originally recorded on March 5, 2021.