Latest / Father Finney’s The Best That Man Can Get
The Peltzman's Effect. Where Safety Fuels Risk
Subjects: Peltzman effect, risk compensation, safety measures, behavioral economics, medication, finance, betting, investments, overconfidence, safety nets
In this episode, I explores the Peltzman effect, a behavioural phenomenon where increased safety measures lead to riskier behaviour. I discuss various examples, including driving with seatbelts, medication reliance, and financial decisions, illustrating how perceived safety can reduce caution and lead to negative outcomes. I emphasize the importance of recognizing these patterns in everyday life and making informed choices to mitigate…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.