Hindsight bias ‘Hindsight bias’ has been defined as believing that the onset of a past event was predictable and completely obvious, when actually, the outcome could not have been predicted. Politicians, media (and social media) commentators, and sometimes Counsel Assisting commissions of inquiry, all demonstrate a tendency to this form of cognitive distortion. Directors and… Continue reading 20:20 Hindsight
Tag: root cause analysis
The Incident ‘Post Mortem’: Facts, Causes and Factors
Most non-profit boards rightly focus their risk governance on identifying and assessing risks before developing a set of escalating controls to prevent an adverse event. They then consider how their organisation should respond should the hazardous event actually occur, and how those measures can best mitigate the damage that arises. Some also consider their incident… Continue reading The Incident ‘Post Mortem’: Facts, Causes and Factors