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
The Shock Downgrade of the U.S. Economy
Last week, U.S. debt holders got a big shock as they read the news headlines: Fitch, one of America’s three big credit ratings agencies, stripped the U.S. government’s AAA rating, downgrading them to double A plus. They cited some pretty scathing reasons …
Warren Buffett: Why Gold is a Bad Investment
Okay, so it’s no secret that the United States, and frankly, the entire world is experiencing high levels of inflation that most countries around the world haven’t experienced in decades. You’re probably seeing this inflation, which refers to things that …
Inside the Real Black Hawk Down | No Man Left Behind
So the overall mission in Somalia was really a relief operation. We were providing security for the relief organizations who were there trying to distribute food to the starving Somali. Aded was the warlord of the day, so he stepped in and started attacki…
How to Increase Willpower and Self-Control
The studio isn’t perfect right now, and it gets so hot in here during the day. I tried to shoot this video two times, and I got way too sweaty. So now, I’m filming it at night, but I’m still doing [Music]. Also, there are like moths and flies in here ‘ca…
Nadal vs Alcaraz - who is better?(eng sub) #tennis #nadal #alcaraz
Hello viewers and subscribers! Sorokin - Tennis, and in this video I would like to talk about the person who at last, for a very long time, more than 10 years, for the very first time will be able to change the big 3. This is Alcaraz, about the new king o…
How to sell ANYTHING (without even trying)
This is exactly why those really annoying OxiClean commercials are so effective. And, like, you’re watching Comedy Central at two o’clock in the morning and those come on, and then you’re almost convinced you need one now. The reason why is because it has…