MODR 1730 Lecture Notes - Lecture 25: Relative Risk, Meta-Analysis, Gambling
13 Mar 2019
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Document Summary
Itaf- ch 12 and 13 (read on february 24th 2019) Chapter 12: pg 203 to pg 219 (read on february 24th 2019) Chapter 13: pg 221 to pg 240 (read on 24th feb 2019) Erroneous risk group ;pg 240 risk group ;pg 232 - Key words definitions from the textbook: subjectivity;pg 240 - rather than using the best data, you make a decision based on your impression of likelihood. 2) framing;pg 240 - how we frame a consideration significantly influences our decision. but some frames leads us to downplay or exaggerate the value of a loss, leading to overly risky behaviour to avoid it. 3) horror;pg 240 - some risks are very unlikely, but because of publicity or intrinsic horror they loom large in our consideration. So some times, given the low probability , these fears are given too much consideration.
