I’m not so sure about that. IIRC, people tend to overweight risks with small probabilities, which would make them more reluctant to take the 1⁄100 risk of death. That said, people tend to be overconfident, which might make them think their chance of death is < 1⁄100, so perhaps this biases would to some extent cancel eachother out.
I’m not so sure about that. IIRC, people tend to overweight risks with small probabilities, which would make them more reluctant to take the 1⁄100 risk of death. That said, people tend to be overconfident, which might make them think their chance of death is < 1⁄100, so perhaps this biases would to some extent cancel eachother out.