Escaping the Trap of Short-Term Thinking

What natural disasters can teach us about basic human bias.

The 1964 Great Alaska Earthquake. Photo by NOAA

hen the Mississippi River flooded in 1927, it unleashed untold devastation. The thousands of miles system of levees constructed by the Army Corps of Engineers meant to protect against such an event, which had held up fairly well to that point, stood no match for the record hundred year flood…