We often crave 100% certainty from experts, but Gigerenzer argues that true risk literacy begins by accepting that .
Psychologist Gerd Gigerenzer on risk literacy - Roland Berger Reckoning with Risk: Learning to Live with Unce...
"This drug reduces the risk from 2 in 1,000 people to 1 in 1,000." (The actual benefit is 1 person in 1,000). We often crave 100% certainty from experts, but
This guide covers the core principles of " Reckoning with Risk: Learning to Live with Uncertainty " (also published as Calculated Risks ) . The book argues that many of our fears and poor decisions stem from statistical illiteracy —an inability to understand the numbers used by doctors, lawyers, and the media. 1. Shift from Probabilities to Natural Frequencies The book argues that many of our fears
Always ask for the absolute figures to see the real-world impact of a choice. 3. Shatter the "Illusion of Certainty"
Special interest groups often use to make numbers seem more dramatic than they are.