Human Behavior November 24, 2022

Probability Neglect

Probability Neglect

We are apprehensive about an airplane crash more than food poisoning, even though the probability of death by food poisoning is higher than an aviation crash.

We prefer to bet on a mega-million lottery than on a million jackpot, even if the probability of winning the former is way more minuscule than the latter. 

The more emotional a consequence is, the more we disregard its probability of occurring.

You may also like...

Not to Learn Everything

There is too much information that inundates our lives every day. It feels good learning something...

Important but Not Urgent

The world moves at a fast pace. In an attempt to catch up, we live feverishly...

Paradigm Shift to Serve First

We want to be served all the time: “Buy my product” “Be my customer” “Elect me...

Your Bare Self in Dreams

Dream is an alternative reality that we can experience without any real consequence. We dismiss our...