The All Things Risk Podcast Ben Cattaneo

This is Part Two of Two with Fraser Battye of the NHS Strategy Unit. If you haven’t heard Part One, I suggest you give it a listen, although it’s not strictly necessary. This episode is a continuation of the same conversation and covers creativity, uncertainty, cognitive biases and the limits of nudges.
Show notes:
Fraser Battye on LinkedIn The Strategy Unit Iain McGilchrist's The Master and His Emissary Dave Snowden Isaiah Berlin’s The Fox and The Hedgehog Philip Tetlock “AI and the Rise of Mediocrity” – essay in Time Magazine The Design Council’s Double Diamond Cass Sunstein Liberating Structures Bent Flyvbjerg Angie Hobbs Annie Duke_ _ _ _ _ _ _ _ _ _ _ _ Like what you heard?
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Today we have Part One of my two part conversation with Fraser Battye. Fraser is a Principal at the Strategy Unit of the UK National Health Service the NHS, and the Strategy Unit provides analysis and strategic change expertise. As part of that role, Fraser provides expert guidance on decision-making. And this is a two-part conversation which covers a huge number of fascinating dimensions of decision-making. In Part One, we cover :
balancing values with ethical considerations, integrating the two brain hemispheres into the decision-making process decision options as theories to test AI and decision-making, and a lot more there Show notes:
Fraser Battye on LinkedIn The Strategy Unit Iain McGilchrist's The Master and His Emissary _ _ _ _ _ _ _ _ _ _ _ _
Like what you heard?
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Today, I have the pleasure of welcoming Nuno Reis to the show. I came across Nuno via his LinkedIn posts on uncertainty and in particularly around something called Bayesian Analysis or Bayesian Thinking. If you’ve never come across the term, Bayesian Analysis is the mathematical interpretation of probability. And it underpins so much of our world  - and increasingly so because many AI models are built on Bayesian Thinking.
Nuno is quite critical of how Bayesian Thinking is applied – because we can never remove the human from the numbers and the models. He says that an embrace of Bayesian Thinking – useful as it is, has become an unhealthy dogma. And – that resonated with me particularly because as I looked at Nuno’s background I saw someone saying this who is a trained mathematician with a PhD in Mathematics in String Theory and did a postdoc at Oxford. He worked in the financial sector during the Global Financial Crisis where he sees parallels now in the worlds of AI and related areas.
So, I invited him to the show and we had a great conversation that covers not only the topics of Bayesian Thinking, the financial industry, but also the topic of uncertainty, lots of philosophy and running.

I hope you enjoy it and find it insightful. Here is Nuno Reis.
Show notes:
Nuno on LinkedIn
Nuno’s free book, Beyond Luck
Bayesian Thinking
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Join our “Decision Navigators” course (May 21, 2024 cohort now open)!
 

In this episode, we talk about “tuning in” – into a noisy world so that we can make the best decisions possible. My guest is Nuala Walsh. Nuala is a best-selling author, an adjunct professor of behavioural science at Trinity College in Dublin, an independent non-executive director, a TEDx speaker and one of the 100 Most Influential Women in Finance. She is the author of the fabulous new book Tune In: How to Make Smarter Decisions in a Noisy World.
This conversation covers that and it is incredibly insightful and fun. Nuala shares several misjudgement ‘traps’ from her book – everything from ego to memory, power, identity and more. We also discuss whistleblowing, regret and so-called “deaf spots”. Nuala shares a number of solutions and ways forward so that we can start to “tune in” and make smarter decisions.
Show notes:
Nuala’s website
Tune In: How to Make Smarter Decisions in a Noisy World.
Nuala on Linkedin
Nuala’s Harvard Business Review article “How to Encourage Employees to Speak Up When They See Wrongdoing”
Innocence Project
Fred Clay – found innocent after 38 years for a murder he didn’t commit
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Like what you heard?
Subscribe to All Things Risk wherever great podcasts are found: https://thedecisionmaking.studio/podcast
Learn more about The Decision-Making Studio
Join our “Decision Navigators” course (May 21, 2024 cohort now open)!

Today, I welcome back my friend Alison Taylor to the show. Alison is a clinical professor at the NYU Stern School of Business and she is also the Executive Director of Ethical Systems. She spent the last two decades consulting with multinationals on anti-corruption, risk, human rights, stakeholder engagement, and ethics and compliance.
And she is the author of the fabulous new book, Higher Ground:  How Business Can Do the Right Thing in a Turbulent World. And one of the reasons why I think it's a fabulous book is because it opens up a long overdue grown-up conversation about business in society. Alison takes on and challenges a number of pithy myths and notions that this stuff is always easy, and that there are always win-wins all over the place. The reality is, it's quite hard.
And whether we're talking about employee unrest over racial injustice, justice, supply chains, climate change, or bribery and fraud, some of the things that may seem obvious and easy are actually anything but - doing the right thing can be very confusing, and there are lots of traps associated with it, including balancing interests, what ethics really means, how the concepts of transparency and “zero tolerance” can get in the way, and Alison shares insights on some of these challenges.
We also talk about trust, which stakeholders companies should listen to, how the book has been received (and it's been received incredibly well, but as you will hear, you'll be surprised to learn where some of the pushback has come from) and so much more. This is a great conversation!
Show notes:
Higher Ground: How Business Can Do the Right Thing in a Turbulent World
Alison’s website
Alison on LinkedIn
Alison’s work with the World Economic Forum on the Rise and Role of the Chief Integrity Officer
Alison’s article “How to build an ethics program for a new era”
BSR
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Like what you heard?
Subscribe to All Things Risk wherever great podcasts are found: https://thedecisionmaking.studio/podcast
Learn more about The Decision-Making Studio
Join our “Decision Navigators” course (May 21, 2024 cohort now open)!

Today, I welcome back Paula Reid to the show. Paula is known as the “Adventure Psychologist” because of her expertise in adventure psychology, which is all about surviving, coping, and thriving during challenge and uncertainty. So obviously, there are huge parallels to decision-making under or uncertainty and to many of my show's themes.
And we talk a little bit about that at the outset of this episode. However, beyond that, this one is focused particularly around Paula's adventure cycling across the Ukraine from Odesa in the south to Chornobyl in the north, about 400 miles or 600 kilometres. She did so to raise money for Siobhan's Trust, now called “HopeFull” a charity involved in delivering humanitarian aid to Ukrainians.
This one covers an awful lot of ground, from adventure psychology to the origins of Paula's work in Ukraine, to the insight on trauma and mental health. Paula is actually in Ukraine as this goes out.
Video version: https://youtu.be/k_CNfLoFpDY 
Show notes:
Paula’s website
Paula’s Ukraine cycling adventure
Siobhan’s Trust (now called “HopeFull”)
Paula’s fundraising page
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Like what you heard?
Subscribe to All Things Risk wherever great podcasts are found: https://thedecisionmaking.studio/podcast
Learn more about The Decision-Making Studio