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…
Continue Reading