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Read e-book online Calculated Risks: How to Know When Numbers Deceive You PDF

By Gerd Gigerenzer

ISBN-10: 1439127093

ISBN-13: 9781439127094

Publish yr note: First released in 2002
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At the start of the 20th century, H. G. Wells anticipated that statistical pondering will be as beneficial for citizenship in a technological global because the skill to learn and write. yet within the twenty-first century, we're usually beaten via a baffling array of probabilities and percentages as we strive to navigate in an international ruled by way of facts. Cognitive scientist Gerd Gigerenzer says that simply because we haven't discovered statistical considering, we don't comprehend threat and uncertainty. for you to investigate chance -- every little thing from the chance of an car twist of fate to the understanding or uncertainty of a few universal clinical screening exams -- we want a simple knowing of statistics.

Astonishingly, medical professionals and legal professionals don't comprehend possibility any larger than a person else. Gigerenzer stories a examine during which medical professionals have been instructed the result of breast melanoma screenings after which have been requested to give an explanation for the dangers of contracting breast melanoma to a lady who obtained a good consequence from a screening. the particular danger used to be small as the attempt offers many fake positives. yet approximately each health care professional within the learn overstated the danger. but many of us should make very important future health judgements in keeping with such details and the translation of that info by way of their doctors.

Gigerenzer explains significant predicament to our knowing of numbers is that we are living with an phantasm of simple task. many people think that HIV checks, DNA fingerprinting, and the transforming into variety of genetic checks are completely convinced. yet even DNA proof can produce spurious suits. We hang to our phantasm of walk in the park as the scientific undefined, insurance firms, funding advisers, and election campaigns became purveyors of walk in the park, advertising it like a commodity.

To stay away from confusion, says Gigerenzer, we should always depend upon extra comprehensible representations of danger, resembling absolute hazards. for instance, it really is stated mammography screening reduces the chance of breast melanoma via 25 percentage. yet in absolute dangers, that implies that out of each 1,000 girls who don't perform screening, four will die; whereas out of 1,000 ladies who do, three will die. A 25 percentage possibility relief sounds even more major than a profit that 1 out of 1,000 girls will reap.

This eye-opening booklet explains how we will be able to triumph over our lack of knowledge of numbers and higher comprehend the hazards we could be taking with our funds, our health and wellbeing, and our lives.

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Wissenschaftsbuch des Jahres (2002)

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Additional info for Calculated Risks: How to Know When Numbers Deceive You

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Miller, D. H. 1983. Strategy-making and environment: The third link. Strategic Management Journal, 4: 221–35. Miller, D. H. 1984. Organizations: A Quantum View. Englewood Cliffs, NJ: Prentice-Hall. Pfeffer, J. and Leblebeci, H. 1973. The effect of competition on some dimensions of organization structure. Social Forces, 52: 268–79. E. 1980. Competitive Strategy. New York: The Free Press. E. 1985. Competitive Advantage. New York: The Free Press. A. 1957. Administrative Behavior. New York: The Free Press.

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1983. Strategy-making and environment: The third link. Strategic Management Journal, 4: 221–35. Miller, D. H. 1984. Organizations: A Quantum View. Englewood Cliffs, NJ: Prentice-Hall. Pfeffer, J. and Leblebeci, H. 1973. The effect of competition on some dimensions of organization structure. Social Forces, 52: 268–79. E. 1980. Competitive Strategy. New York: The Free Press. E. 1985. Competitive Advantage. New York: The Free Press. A. 1957. Administrative Behavior. New York: The Free Press. H. 1976.

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Calculated Risks: How to Know When Numbers Deceive You by Gerd Gigerenzer


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