Scenario Planning for Success
Roch Parayre Keynotes - The Roch Parayre speeches bring to light the importance of decision-making and planning in every...
Parayre stresses the benefits of scenario planning. People are afflicted with problems when it comes to the pressure of time in making decisions. Humans have bounded rationality when deciding on future action. We tend to stick to a 'rule of thumb.' For example, if the sky is a certain shade of gray, we will bring an umbrella with us. While these 'rules of thumb' can be effective, they become systematic and predictable biases. Parayre argues that it's fine to be wrong, but not to always be biased.