Risk, Uncertainty, and Heuristics

Risk = space of outcomes and probabilities are known. Uncertainty = probabilities not known, and even space of possibilities may not be known. Heuristic rules are contrasted with algorithms like maximization of expected utility. See also Bounded Cognition and Risk, Ambiguity, and Decision (Ellsberg). Here’s a well-known 2007 paper by Gigerenzer et al. Helping Doctors and …

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5 Apps for a Healthy Life

Sometimes I wonder what the athletes of yesterday would think about the exercise enthusiasts of today. Heart rate monitors, P90x, treadmills with personal television screens in high definition — today’s technology has certainly taken a prominent role in our approach to health and fitness. Trying to figure out what equipment or technology is best for you …

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Mr. Waters goes to Washington

On September 18th, I was a Congressional lobbyist. Before you tar and feather me, I was part of the Michigan State University “Rally for Research” team at Washington DC. This event brought together hundreds of researchers and advocates from 40 states to lobby Congress and the Senate in support of increasing funds for biomedical research. …

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