Monday , December 9 2019
Home / Tim Harford: Undercover Economist / Cautionary Tales Ep 1 – DANGER: Rocks Ahead!

Cautionary Tales Ep 1 – DANGER: Rocks Ahead!

Summary:
Cautionary Tales Ep 1 – DANGER: Rocks Ahead! Torrey Canyon was one of the biggest and best ships in the world – nevertheless its captain and crew needlessly steered it towards a deadly reef known as The Seven Stones. This risky manoeuvre seems like utter madness, but the thinking behind it is something we are all prone to do when we fixate on a goal and a plan to get us there. Featuring: Enzo Cilenti, Ed Gaughan, Rufus Wright and Melanie Gutteridge. Producers: Ryan Dilley and Marilyn Rust. Sound design/mix/musical composition: Pascal Wyse. Fact checking: Joseph Fridman. Editor: Julia Barton. Recording: Wardour Studios, London. GSI Studios, New York. PR: Christine Ragasa. Thanks to the team at Pushkin Industries, Heather Fain, Mia Lobel, Carly Migliori, Jacob Weisberg, and

Topics:
Tim Harford considers the following as important: ,

This could be interesting, too:

Tim Harford writes Cautionary Tales Ep 5 – Buried by the Wall Street crash

Tim Harford writes Cautionary Tales Ep 4 – The Deadly Airship Race

Tim Harford writes Cautionary Tales Ep 3 – LaLa Land: Galileo’s Warning

Tim Harford writes Cautionary Tales Ep 2 – The Rogue Dressed as a Captain

Cautionary Tales Ep 1 – DANGER: Rocks Ahead!

Cautionary Tales Ep 1 – DANGER: Rocks Ahead!

Torrey Canyon was one of the biggest and best ships in the world – nevertheless its captain and crew needlessly steered it towards a deadly reef known as The Seven Stones. This risky manoeuvre seems like utter madness, but the thinking behind it is something we are all prone to do when we fixate on a goal and a plan to get us there.

Featuring: Enzo Cilenti, Ed Gaughan, Rufus Wright and Melanie Gutteridge.

Producers: Ryan Dilley and Marilyn Rust. Sound design/mix/musical composition: Pascal Wyse. Fact checking: Joseph Fridman. Editor: Julia Barton. Recording: Wardour Studios, London. GSI Studios, New York. PR: Christine Ragasa.

Thanks to the team at Pushkin Industries, Heather Fain, Mia Lobel, Carly Migliori, Jacob Weisberg, and of course, the mighty Malcolm Gladwell.

[Apple] [Spotify] [Stitcher]

Further reading

Two authoritative books were written about Torrey Canyon shortly after the events described in the podcast, and I’ve relied on both of them.

One is Oil and Water by Edward Cowan, and the other is The Black Tide by Richard Petrow. Both excellent, both long out of print.

For a more contemporary discussion of plan continuation bias I strongly recommend Meltdown by Chris Clearfield and Andras Tilcik.

This book also contains a good description of Marlys Christianson’s study of plan continuation bias in emergency rooms, “More and less effective updating” in Administrative Science Quarterly 2018.

The study of landings at Hartsfield-Jackson airport is Chris A. West’s “The Barn Door Effect“.

The dark tale of Sir Cloudesley Shovell is told in Dava Sobel’s hugely enjoyable book Longitudealthough I am sceptical Sir Cloudesley actually survived long enough for anyone to murder him.

Tim Harford
Tim is an economist, journalist and broadcaster. He is author of “Messy” and the million-selling “The Undercover Economist”, a senior columnist at the Financial Times, and the presenter of Radio 4’s “More or Less” and the iTunes-topping series “Fifty Things That Made the Modern Economy”. Tim has spoken at TED, PopTech and the Sydney Opera House and is a visiting fellow of Nuffield College, Oxford.

Leave a Reply

Your email address will not be published. Required fields are marked *