Tag: risk management

Narrow Cave Expedition

The Tham Luang cave rescue: Decision-making with the highest stakes

For nearly 3 weeks during the summer of 2018, the attention of millions across the globe was focused on northern Thailand where a massive effort was underway to locate and rescue 12 members of a boys’ soccer team and their coach who were trapped underground in the rapidly flooding Tham Luang cave. Among those watching was Yael Grushka-Cockayne with the University of Virginia’s Darden School of Management. As she watched this incredible rescue effort unfold, she recognized it as a massive and complex study in risk management and decision-making, one in which the highest stakes were involved. Today I’m thrilled…

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Risk management in the pandemic: Don’t put all your eggs in one basket

Even with the COVID-19 vaccine readily available throughout much of the country, and the age ranges of those who can receive it expanding, research shows that in the face of a new wave or variant of the coronavirus, the tools that we used at the onset of the pandemic, masking and social distancing, are still key to helping mitigate the spread of the virus. Joining me to share his research to help develop a model for social distancing policies to prevent surges in new cases and hospitalizations is Dave Morton with Northwestern University.

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