Calculated Risks

At the beginning of the twentieth century, H. G. Wells predicted that statistical thinking would be as necessary for citizenship in a technological world as the ability to read and write. But in the twenty-first century, we are often overwhelmed by a baffling array of percentages and probabilities as we try to navigate in a world dominated by statistics. Cognitive scientist Gerd Gigerenzer says that because we haven't learned statistical thinking, we don't understand risk and uncertainty. In order to assess risk -- everything from the risk of an automobile accident to the certainty or uncertainty of some common medical screening tests -- we need a basic understanding of statistics. Astonishingly, doctors and lawyers don't understand risk any better than anyone else. Gigerenzer reports a study in which doctors were told the results of breast cancer screenings and then were asked to explain the risks of contracting breast cancer to a woman who received a positive result from a screening. The actual risk was small because the test gives many false positives. But nearly every physician in the study overstated the risk. Yet many people will have to make important health decisions based on such information and the interpretation of that information by their doctors. Gigerenzer explains that a major obstacle to our understanding of numbers is that we live with an illusion of certainty. Many of us believe that HIV tests, DNA fingerprinting, and the growing number of genetic tests are absolutely certain. But even DNA evidence can produce spurious matches. We cling to our illusion of certainty because the medical industry, insurance companies, investment advisers, and election campaigns have become purveyors of certainty, marketing it like a commodity. To avoid confusion, says Gigerenzer, we should rely on more understandable representations of risk, such as absolute risks. For example, it is said that a mammography screening reduces the risk of breast cancer by 25 percent. But in absolute risks, that means that out of every 1,000 women who do not participate in screening, 4 will die; while out of 1,000 women who do, 3 will die. A 25 percent risk reduction sounds much more significant than a benefit that 1 out of 1,000 women will reap. This eye-opening book explains how we can overcome our ignorance of numbers and better understand the risks we may be taking with our money, our health, and our lives.

Produk Detail:

  • Author : Gerd Gigerenzer
  • Publisher : Simon and Schuster
  • Pages : 288 pages
  • ISBN : 1439127093
  • Rating : 3/5 from 3 reviews
CLICK HERE TO GET THIS BOOKCalculated Risks

Calculated Risks

Calculated Risks
  • Author : Gerd Gigerenzer
  • Publisher : Simon and Schuster
  • Release : 10 November 2015
GET THIS BOOKCalculated Risks

At the beginning of the twentieth century, H. G. Wells predicted that statistical thinking would be as necessary for citizenship in a technological world as the ability to read and write. But in the twenty-first century, we are often overwhelmed by a baffling array of percentages and probabilities as we try to navigate in a world dominated by statistics. Cognitive scientist Gerd Gigerenzer says that because we haven't learned statistical thinking, we don't understand risk and uncertainty. In order to

A Calculated Risk

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  • Publisher : Open Road Media
  • Release : 21 July 2015
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A female financial whiz plans the perfect bank heist in this “high-tech, high-stakes” thriller from the #1 international-bestselling author of The Eight (The Washington Post). Verity Banks is the one of the most powerful women in finance, but she still reports to a man. Her boss not only refuses to implement her security plan to safeguard customers’ deposits, he also sabotages her shot at becoming director of security at the Federal Reserve. Outraged, Verity decides to take revenge by hitting her

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  • Publisher : Penguin
  • Release : 23 February 2021
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The tenth book in the fast-paced InCryptid urban fantasy series returns to the mishaps of the Price family, eccentric cryptozoologists who safeguard the world of magical creatures living in secret among humans. Just when Sarah Zellaby, adopted Price cousin and telepathic ambush predator, thought that things couldn't get worse, she's had to go and prove herself wrong. After being kidnapped and manipulated by her birth family, she has undergone a transformation called an instar, reaching back to her Apocritic origins

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  • Author : George Leopold
  • Publisher : Purdue University Press
  • Release : 01 July 2022
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Unlike other American astronauts, Virgil I. "Gus" Grissom never had the chance to publish his memoirs—save for an account of his role in the Gemini program—before the tragic launch pad fire on January 27, 1967, which took his life and those of Edward White and Roger Chaffee. The international prestige of winning the Moon Race cannot be understated, and Grissom played a pivotal and enduring role in securing that legacy for the United States. Indeed, Grissom was first and foremost

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  • Publisher : Harlequin
  • Release : 01 July 2019
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She thought she was finally safe, But her past won’t let her go. Sheriff’s deputy Tanner Dempsey is just doing his job when he stops a shoplifter trying to steal diapers and formula. But something about this frightened young woman makes him want to do more. Bree Daniels is grateful for Tanner’s help, but there’s so much she can never tell him… The truth is dangerous to everyone she lets into her life—and could be

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  • Publisher : Bella Books
  • Release : 21 September 2021
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After getting her life right where she wanted it, ex-US national 2nd place climber Leslie McAllister gets pushed out of her comfort zone when the company she works for is sold and she's asked to accept a new position in Boston. CJ Broadmore needs to learn to climb and fast if she wants a position doing stunt work on a new film. Fighting her family's push, she wants to find her own way and Leslie just may be her ticket

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  • Author : Joseph V. Rodricks
  • Publisher : Cambridge University Press
  • Release : 23 November 2006
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Safeguarding economic prosperity, whilst protecting human health and the environment, is at the forefront of scientific and public interest. This book provides a practical and balanced view on toxicology, control, risk assessment and risk management, addressing the interplay between science and public health policy. This revised edition provides a detailed analysis on chemical and by-product exposure, how they enter the body and the suitability of imposed safety limits. Chapters on dose, with particular emphasis on children and vulnerable subpopulations, reproductive

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  • Author : Michael Palumbo
  • Publisher : Unknown Publisher
  • Release : 30 March 2016
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How does an entrepreneur take any idea and turn it into a profitable venture? What do investors look for when evaluating start-ups? These two important questions are answered in a new book by one of America's top traders, Michael J. Palumbo, called Calculated Risk: The Modern Entrepreneur's Handbook. The book helps founders and executives navigate today's business climate from idea conception through funding, expansion, and exiting. Calculated Risk provides an insider's perspective from someone in the know. Palumbo started a

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  • Author : Dougal Haston
  • Publisher : Bton Wicks Publications
  • Release : 20 March 2006
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When John Dunlop gives Judy Scott a lift to Glencoe on his motorbike, both are surprised when a relationship develops. But for John all passions must be relegated to the demands of the big climb.

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  • Author : Jonna Doolittle Hoppes
  • Publisher : Santa Monica Press
  • Release : 01 March 2005
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Famous for leading the Tokyo Raid, America's first strike against Japan in World War II, Jimmy Doolittle led a remarkable life as an American pilot. This firsthand account by his granddaughter reveals an extraordinary individual—a scientist with a doctorate in aeronautical engineering from MIT, an aviation pioneer who was the first to fly across the United States in less than 24 hours and the first to fly “blind” (using only his plane’s instruments), a barnstormer well known for aerobatics,

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  • Author : Heather Woodhaven
  • Publisher : Harlequin
  • Release : 06 January 2015
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CLANDESTINE COVER-UP Accountant Victoria Hayes never would have thought discovering fraud in her office would put her life at risk. When her house catches fire, destroying the evidence she's collected, it seems the mastermind will do anything to keep Victoria from disclosing what she knows. Unsure what to do, she turns to her charming supervisor for help. But without much evidence, Jeff Tucker is reluctant to believe Victoria…until they both become suspects. Now they must work together to prove

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  • Author : Zoe M McCarthy
  • Publisher : Pelican Ventures Book Group
  • Release : 21 November 2014
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Whoever said opposites attract was right, of course...but no one ever said what they attract. Jilted by the latest of her father's choices of 'real men,' Cisney Baldwin rashly accepts an invitation to spend Thanksgiving weekend with a sympathetic colleague and his family. Nick LeCrone is a man too much her opposite to interest her and too mild-mannered to make her overbearing father's 'list.' Now, Cisney fears Nick wants to take advantage of her vulnerable state over

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  • Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Transportation
  • Publisher : Unknown Publisher
  • Release : 01 July 2022
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  • Author : Mark W. Clark
  • Publisher : ReadHowYouWant.com
  • Release : 01 April 2011
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Mark W. Clark was a major figure in World War II. He was prominent as one of the top American commanders. Together with Dwight D. Eisenhower, Omar N. Bradley, and George S. Patton, Jr., Clark was widely regarded as being responsible for victory on the European side of the conflict. - from the introduction One of the great World War II memoirs by a legendary American general in charge of operations in North Africa and Italy. General Mark W. Clark