We have no intuitive grasp of risk, and thus, distinguish poorly among different threats. We respond to the expected magnitude of an event (the size of the jackpot or the amount of electricity in an upcoming shock), but not to its likelihood.
We have no intuitive grasp of risk, and thus, distinguish poorly among different threats. We respond to the expected magnitude of an event (the size of the jackpot or the amount of electricity in an upcoming shock), but not to its likelihood.