Risk Management

Several decades ago i was introduced to the work by Daniel Kahneman and Amos Tversky on cognitive biases. This knowledge had a profound impact on my problem solving ability, and how I see the world. Their work later became the foundation for behavioral economics. If this is unfamiliar to you, search on cognitive biases and look up Richard Thaler. 

I want to bring attention to this work as I'm not sure how much air time it receives in the high,y technical world in which many of us work, and these biases, if not accounted for, can overwhelm our technical work. 

is this something you've come across and what's a practical or real life example in civil engineering practice based on your experience?