Question: 1.20 Explain how worrying about mere possibilities while ignoring probabilities can result in people making decisions that not only fail to satisfy social interest, but
1.20 Explain how ‘worrying about mere possibilities while ignoring probabilities’ can result in people making decisions that not only fail to satisfy social interest, but also fail to satisfy self-interest. Why We Worry About the Things We Shouldn’t . . . and Ignore the Things We Should We pride ourselves on being the only species that understands the concept of risk, yet we have a confounding habit of worrying about mere possibilities while ignoring probabilities, building barricades against perceived dangers while leaving ourselves exposed to real ones: 20 per cent of all adults still smoke; nearly 20 per cent of drivers and more than 30 per cent of backseat passengers don’t use seat belts; two-thirds of us are overweight or obese. We dash across the street against the light and build our homes in flood prone areas – and when they’re demolished by a storm, we rebuild in the same spot.
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