Intro -- Dedication -- Epigraph -- Introduction -- 1. In Spite of Noise and Confusion: Whittaker Chambers -- 2. The Finest Brain: James Burnham -- 3. When the Team's Up Against It: Ronald Reagan -- 4. Mr. Yes, Mr. No: Norman Podhoretz -- 5. The Betrayed: David Horowitz -- 6. A Man Alone: Christopher Hitchens -- Postscript -- Acknowledgments -- About the Author -- Notes -- Index -- Copyright.
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AbstractOne way to reduce waste and to make a system more robust is to allow its components to pool resources. For example, banks might insure each other or share a common capital reserve. Systems whose resources have been pooled in this way are highly prevalent in such diverse domains as finance, infrastructure, health care, emergency response and engineering. However, these systems have a combination of characteristics that leave them vulnerable to poor decision-making: non-linearity of risk; obvious rewards combined with hidden costs; and political and market incentives that encourage inadequate safety margins. Three studies demonstrate a tendency for managers of such systems to underestimate the probability of cascading failures. We describe a series of behaviorally based policy interventions to mitigate the resulting hazards.
While direct replications such as the "Many Labs" project are extremely valuable in testing the reliability of published findings across laboratories, they reflect the common reliance in psychology on single vignettes or stimuli, which limits the scope of the conclusions that can be reached. New experimental tools and statistical techniques make it easier to routinely sample stimuli, and to appropriately treat them as random factors. We encourage researchers to get into the habit of including multiple versions of the content (e.g., stimuli or vignettes) in their designs, to increase confidence in cross-stimulus generalization and to yield more realistic estimates of effect size. We call on editors to be aware of the challenges inherent in such stimulus sampling, to expect and tolerate unexplained variability in observed effect size between stimuli, and to encourage stimulus sampling instead of the deceptively cleaner picture offered by the current reliance on single stimuli.