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Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making

Book by Reid Hastie · 1 quotes · Cognitive Biases, Psychology, Decision Making

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Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making Quotes

“A more serious consequence of the illusion of control is revealed in our preference for driving over flying. At least part of this irrational—from a survival point of view—habit is due to the fact that we “feel in control” when driving, but not when flying. The probability of dying in a cross-country flight is approximately equal to the probability of dying in a 12-mile drive— in many cases, the most dangerous part of the trip is over when you reach the airport (Sivak & Flannagan, 2003). Gerd Gigerenzer (2006) estimates that the post-9/11 shift from flying to driving in the United States resulted in an additional 1,500 deaths, beyond the original 3,000 immediate victims of the terrorist attacks.”

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Book:Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making
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