Why Humans Struggle with Risk Assessment: Understanding Our Cognitive Biases

In this episode of PsyberSpace, host Leslie Poston digs into the complexities of human risk assessment. Despite relying on this critical cognitive skill every day, humans often misjudge risks due to emotional biases, misinformation, and stress. From relationships and work to financial decisions and global crises like Covid-19, Leslie explores how attachment styles, behavioral economics, media influence, and neurological factors impact our perception of risk. The episode also offers practical strategies for improving risk literacy and making more informed decisions in various aspects of life, emphasizing the importance of probabilistic thinking, cleaning up our information diet, and leveraging social perspectives. Tune in to learn how to navigate uncertainty with greater clarity and confidence.

00:00 Introduction to Risk Assessment
01:46 Relationship Risks and Attachment Styles
03:35 Workplace and Financial Risk Misjudgments
04:46 Psychological Biases in Risk Perception
10:40 Media's Role in Distorting Risk Perception
13:43 Impact of Covid on Risk Assessment
17:06 Political and Cultural Influences on Risk
20:21 Improving Your Risk Assessment Skills
23:58 Conclusion and Final Thoughts

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