TEN
Selecting Safeguards
IN THE PREVIOUS CHAPTER, we argued that the best way to reduce the risk of a flawed decision is to identify “just enough” safeguards. This is illustrated in figure 10-1.
Safeguards can help us avoid the effects of distorted thinking. Because of red flag conditions, we can place too much (or too little) weight on some aspects of the decision. Because we find it difficult to correct these distortions in our own minds, we need help. Safeguards act as counterbalances, reducing the risk of a bad decision. As we saw in chapter 9, these can take a number of forms—so a safeguard may expand the experience or information available to the decision maker; it may ensure that the logic of the decision is challenged and debated; it ...
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