Timeline for What causes people to over-estimate small proportions and under-estimate large proportions?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Nov 22, 2022 at 15:11 | comment | added | Ray Butterworth | @BryanKrause. That link was very helpful, making it worthwhile that I asked the question. Thanks. Availability seems like the closest match. My rough guess about this question is that people have more distinct memories of rarer events and so tend to remember them more easily. Similarly people tend to ignore commonplace events and so they aren't the first thing to come to mind. | |
| Nov 21, 2022 at 17:43 | comment | added | Bryan Krause♦ | What sort of answer are you looking for? Psychological biases tend to be observations of behavior - they're not necessarily caused by anything besides "how our brains work". Something like en.wikipedia.org/wiki/Heuristic_(psychology) might also be relevant. | |
| Nov 20, 2022 at 21:14 | comment | added | Ray Butterworth | @ChrisRogers, given that the numbers are rounded to the nearest integer, how could say ".25%" be better presented? | |
| Nov 20, 2022 at 19:22 | comment | added | Chris Rogers | You inferred what I said. I inferred nothing. I was just pointing out how some could easily misinterpret the data if it is read in the wrong way. "can be quite easily misinterpreted to mean..." | |
| Nov 20, 2022 at 14:07 | comment | added | Ray Butterworth | @ChrisRogers says "YouGovAmerica is suggesting there are no US millionaire households". No, you are inferring that. What It does say is "rounded to the nearest percent". So 0% simply means less than ½%. But either way, 20% is very much larger, and that's the important idea to get from this. | |
| Nov 20, 2022 at 7:56 | comment | added | Chris Rogers | The 0% true percentage of millionaire US households can be quite easily misinterpreted to mean that YouGovAmerica is suggesting there are no US millionaire households. That is badly done in my mind, but hey-ho 🙂 | |
| Nov 20, 2022 at 4:25 | history | asked | Ray Butterworth | CC BY-SA 4.0 |