MY Insight

Learning From Mistakes 

What Japan can teach us about safety planning

Kase, Kimio

Date: Second Quarter 2011

Tags: Fukushima, hindsight bias, decision making, risk, contingency plan

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When meltdowns occur, managers – whether of banks or nuclear power plants – are quick to play Monday morning quarterback. While it’s not fair to be held responsible for events over which we have no control, we do have an obligation not to shirk our responsibilities, either.

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