yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

What Does a 30% Chance of Rain Mean? (Understanding Risk, with Gerd Gigerenzer) | Big Think


2m read
·Nov 4, 2024

Processing might take a few minutes. Refresh later.

In the good old times, people learned how to read and to write. That's no longer sufficient in the high-tech twenty-first century. We also need to know how to deal with risk and uncertainty. And that is what I mean with risk savvy.

Here is a simple example. You hear on the weather report that there is a 30 percent chance of rain tomorrow. Thirty percent chance of what? Now I live in Berlin, and most Berliners believe that it means that it will rain in 30 percent of the time, that is, seven to eight hours. Others think it will rain in 30 percent of the region. Most New Yorkers believe that's all nonsense. It means it will rain on 30 percent of the days for which this prediction has been made; that is, most likely not at all.

Many psychologists think that people can't learn how to deal with risk, but in this case, it's the experts, the meteorologists, who have not learned how to communicate risk in an instinctive way; that is to say, to what class 30 percent refers. Time or region or days? And if you have some imagination, you can think about other classes. For instance, one woman in New York said, "I know what 30 percent means. Three meteorologists think it rains and seven not."

Now getting soaked is a minor risk. But are we risk savvy when it comes to more important things? For instance, 20-year-olds drive with their cell phone glued to their ears, not realizing that they decrease their reaction time to that of a 70-year-old. Or many Americans, about 20 percent, believe that they are in the top one percent income group. And as many believe they will soon be there.

Or take health. So about an estimated one million children get every year unnecessary computer tomography (CT) scans. And that's really because they're not really clinically indicated. Which is not just a waste of time but also a danger to the kids because a CT scan can have the radiation of a hundred chest X-rays and may lead, in a small number of these kids, later to cancer.

We deal every day with risks, but we haven't learned how to understand them. And the problem is not simply in the human mind, but also in experts who really don't know what the risks are or don't know how to communicate. Or in other areas, like if it's about finance or health, have interests other than yours.

So the key message is this: Everyone can learn to deal with risk. In that case, everyone can learn to ask the question, "Probability of what?" And second, if you believe that you're safe by delegating the responsibility of your wellness and health to experts, then you may be disappointed because many experts do not know how to communicate probabilities or try to protect themselves against you, as in health care, as a potential plaintiff.

So you have to think for yourself. And that's the key message...

More Articles

View All
What if the Earth Was Flat?
The Earth isn’t flat. This is something we’ve known now for thousands of years. Aristotle proved it empirically by traveling to Egypt and witnessing new constellations of stars from the other side of the globe. After Eratosthenes used no more than a stick…
Stoicism: Conquer Your Resolutions
Thank you. What is your New Year’s resolution? For some of us, it’s to be more productive; for others, it’s to lose weight or simply be healthier. For you, it might be to spend more time with friends and family, or finally write that book that you’ve been…
WARNING: The Index Fund Bubble
What’s up you guys, it’s Graham here. So we got to sit down today and have the talk. And no, this is not the talk where I go and ask you to hit the like button, although we’ll have that one a little later. Instead, we’re gonna be having the talk about the…
Inside The Most Powerful Startup Community In The World
In 2005, four people came together to make something new. They thought if we bring together smart technologists and give them a little bit of money and a really good community, it would give founders a huge advantage. Out of that first Y Combinator batch …
Technology and presidential communication | US government and civics | Khan Academy
In this video, we’re going to talk a little bit about how modern technology, like social media, has enhanced the communication power of the presidency. Now, being president has a lot of advantages, but politically, one of those advantages is that as pres…
Uncle Tom's Cabin part 2
So Becca and I have been talking about Uncle Tom’s Cabin, which is this book from the 1850s that Abraham Lincoln actually said started the Civil War. So how did this book start a war? In this video, we’ll tell you a little bit more about the plot. Um, bu…