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.
Most of us believe that the risk of terrorist attacks is larger than, say, motor accidents,...
Humanity lives with different upbringing, mindset, and exposure. Inevitably, one must face opposing arguments all the...
If a person wears a t-shirt emblazoned with your favorite football club, you feel relatedness with...
We take a lot risks: climb mount Everest, walk on tightropes, or sky dive. We do...