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The Peltzman's Effect. Where Safety Fuels Risk
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Subjects: Peltzman effect, risk compensation, safety measures, behavioral economics, medication, finance, betting, investments, overconfidence, safety nets In this episode, I explores the Peltzman effect, a behavioural phenomenon where increased safety measures lead to riskier behaviour. I discuss various examples, including driving with seatbelts, medication reliance, and financial decisions, illustrating how perceived safety can reduce caution and lead to negative outcomes. I emphasize the importance of recognizing these patterns in everyday life and making informed choices to mitigate risks. Sam Peltzman - Wikipedia What gambling firms don’t want you to know – and how they keep you…