Chapter 20: Problem 21
We pride ourselves on being the only species that understands the concept of risk, yet we have a confounding habit of worrying about mere possibilities while ignoring probabilities, building barricades against perceived dangers while leaving ourselves exposed to real ones: \(20 \%\) of all adults still smoke; nearly \(20 \%\) of drivers and more than \(30 \%\) of back seat passengers don't use seat belts; two thirds of us are overweight or obese. We dash across the street against the light and build our homes in hurricane prone areas - and when they're demolished by a storm, we rebuild in the same spot. How can information be used to improve people's decision making?
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.