Reckoning With Risk: Learning To Live With Unce... Site

Use whole numbers. Instead of "0.1%," think " 1 in 1,000 people ." This makes the actual risk far easier to visualize and compare. 2. Recognize Absolute vs. Relative Risk

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 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). Use whole numbers