Probability, Risk and Perception of Risk

• How do you identify correlation?


  Numerical data indicating a pattern
• How do you identify causation?


  Identify a biological relationship between two variables typically in explaining how one impacts the other
• What factors can lead to risk being overestimated?

  • Misleading information
  • Overexposure to information
  • Personal experience with associated risk
  • Unfamiliarity with the event
  • The event causing severe harm
• What factors can lead to risk being underestimated?

  • Lack of information
  • Misunderstanding of factors that increase risk
  • A lack of personal experience with associated risk
  • Unfamiliarity with the event
  • Harm being non-immediate
• What can standard deviation be used to signify?

  If standard deviations overlap between data sets, there is no significant difference between them