Science
Why We Distort Probability – Mirage News
A team of scientists has concluded that our cognitive limitations lead to probability distortions and to subsequent errors in decision-making. …
Scientists Identify the Cognitive Limitations that Hamper Our Decision-Making
The chances of a commercial airliner crashing are vanishingly small — and yet many people are uncomfortable flying. Vaccination for many common childhood diseases entail almost no risk — but parents still worry. Human perception of probabilities — especially very small and very large probabilities — can be markedly distorted and these distortions can lead to potentially disastrous decisions.
But why we distort probab…
-
Noosa News12 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General20 hours agoWotjobaluk Nations Festival marks landmark native title recognition
-
General14 hours agoAustralian luger Alex Ferlazzo makes stunning recovery during run after falling off his sled
-
Business24 hours agoWhat Warren Buffett’s latest portfolio moves say about the market