bias toward short term risk avoidance versus long term risk avoidance. (hence status quo bias, also "nobody got fired for buying IBM", etc.) what's needed is a

bias toward short term risk avoidance versus long term risk avoidance. (hence status quo bias, also "nobody got fired for buying IBM", etc.) what's needed is a meta-level risk budget and sane risk management, and in case of conservative industries (medicine, aviation, nuclear, blablabla) there should be a calculated and constant push to bias against stagnation, without fucking up the otherwise great safety record. (of course this usually means a bit more in costs of managing changes, but that should be looked at in the perspective of opportunity costs of not changing to better processes/technology/structure/etc.)