Tyrannosaur behind the corner: perception of probability

Some summary from “Thinking, Fast and Slow”

  • It’s much easier to make people pay insurance and agree for smaller refunds if they want to eliminate the smallest risk, than to talk them out of buying lottery tickets and making weird decisions when they are loosing ground;
  • You’re more likely to persuade someone in doing some risky shit if you describe the possible prize in detail. Brighter picture in the mind gets confused with the higher probability to win, et voilà, you got them;
  • Saying “there is the 0,0003% of fatal outcome instead of 0,000003%” won’t do the thing. Say “3 people out of 10000 will die, instead 3 out of a million.” Picturing whole people instead of points is much easier.

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Stories from another hemisphere, written under a stripper pen name and in a second language. Because God forbid we make things easier for us.

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Luna Lovecroft

Stories from another hemisphere, written under a stripper pen name and in a second language. Because God forbid we make things easier for us.