At the 2024 Paris Olympics, organizers opted for an eco-friendly cooling system in athlete housing, skipping central air in favor of a low-energy alternative. Countries responded by bringing their own air conditioning units—a move that undercut the original environmental goal. According to researchers at Carnegie Mellon University’s Dietrich College of Humanities and Social Sciences, this misstep is not an outlier, but part of a common thinking error known as “consequence neglect.”
How ‘consequence neglect’ leads to predictable surprises in policy, leadership and everyday life
More In Finance
-
Canada has some of the highest interchange fees in the world. Interchange fees are the fees businesses pay each time their customers pay by credit card. The average interchange fee in Canada is about 1.5 per cent of [...]
-
Main Street businesses that survived COVID-19 restrictions are now navigating a pandemic recovery where predicted changes in the retail industry have been accelerated by five to 10 years. The ability to adapt to these changes, coupled [...]
-
The big idea Consumers who see a product on sale being virtually touched are more engaged and willing to pay more than if the item is displayed on its own, according to a recent research paper [...]
-
Entrepreneurs, their associated startups and the subsequent growth of their companies have a vital impact on the health of our economy. In Canada, young adults have demonstrated a growing interest in entrepreneurship. Entrepreneurship has historically been narrowly [...]
-
Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods and services, unemployment and prices. Then there’s a more [...]
