Tag: thinking fast and slow

Last week, I wrote about the cognitive dissonance often encountered in risk estimation. Just after writing that post, I came across this photo, which had a few comments that I would like to comment on: First off, assigning numerical value to letters is a well-known method, known as gematria. It has been used for pseudo-science…

If there is one thing that people are notoriously bad at, it is estimating risk. There is nothing new about this. People are more afraid of being killed in a terrorist attack than in a traffic accident, despite the odds being significantly higher for the latter. One of the many reasons for this is the…