FTX Fiasco Caused by SBF’s Double-or-Nothing Philosophy (Video & Podcast)

Double-or-Nothing Philosophy

For investors, the collapse of FTX is a reminder to be wary of founders like SBF with an excessive risk appetite. For entrepreneurs, it is a lesson to implement oversight and risk management plans to avoid the fate of SBF and FTX. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes how Sam Bankman-Fried’s double-or-nothing philosophy caused the collapse of FTX.

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The Danger of Bias in the Procurement Process (Video & Podcast)

The Danger of Bias in the Procurement Process (Video & Podcast)

Any procurement process that is not protected from bias risks a bid protest. To protect the procurement process, officials need to learn about and address common cognitive biases in procurement decision-making. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes the danger of bias in the procurement process.

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Safety Campaigns Lead to Dangerous Outcomes (Video & Podcast)

Safety Campaigns Lead

Armchair psychology often undermines safety campaigns and other marketing messages, due to psychological phenomena such as the boomerang effect. Overcoming these problems requires using best practices from behavioral science. That’s the key take-away message of this episode of the Wise Decision Maker Show, which describes how safety campaigns can lead to dangerous outcomes.

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