See things clearly
Generally speaking, most human beings aren’t very good at understanding risk.
The odds of being killed by a shark are roughly 1 in 3,750,000
The odds of being killed in a car crash are 1 in 84 (USA figures, source)
It’s hardly an original point, but which of those are most beach holidaymakers most concerned about?
In business, the…Continue
Added by Paul Wallis on June 23, 2011 at 14:48 — No Comments
Doyle Lonnegan, a ruthless New York gangster turned banker, is one of my favourite movie characters.
In ‘The Sting’, which is set in the 1930s, Lonnegan, (the brilliant Robert Shaw), is the victim of a sophisticated confidence trick which costs him the $500,000 he bet on a horse.
A con-artist convinces him he can delay the official results of races getting to…Continue
Added by Paul Wallis on June 21, 2011 at 11:30 — No Comments