—Why we underestimate risk in the face of certainty September 11, 2009, 10:30am

Reason.com

Have you heard the one about the river-crossing statistician who drowns after determining that the water is, on average, only three feet deep? This, says author Sam L. Savage, is just one example of the flaw of averages.

 

Funny,  I have actually quoted the “drowning statistician” adage twice in the past two weeks.

Posted via web from SophiaZoe

Sorry, the comment form is closed at this time.

   
© 2012 Mental Pluff Mud We must all obey the great law of change. It is the most powerful law of nature, and the means perhaps of its conservation. Suffusion theme by Sayontan Sinha