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...

Deadline Constricts Deliberation

Venturing your work with deliberation sets forth the right mind to get it done productively. You...

Facts Overruled by Beliefs

Internal search of ourselves can be deceptive because of our indwelling beliefs. We conjecture and interpret...

To Donate Time or Money?

Volunteering feels good. A lawyer earning $500 per hour can use the money to hire 2...

Living Forever

We take a lot risks: climb mount Everest, walk on tightropes, or sky dive. We do...