Page 197 - Probability Demystified
P. 197

186                                            CHAPTER 10        Simulation

                                   Another thing that people tend to do is fear situations or events that
                                 have a relatively small chance of happening and overlook situations or events
                                 that have a higher chance of happening. For example, James Walsh in his
                                 book entitled How Risk Affects Your Everyday Life states that if a person
                                 is 20% overweight, the loss of life expectancy is 900 days (about 3 years)
                                 whereas the loss of life expectancy from exposure to radiation emitted by
                                 nuclear power plants is 0.02 days. So you can see it is much more unhealthy
                                 being 20% overweight than it is living close to a nuclear power plant. One
                                 of the reasons for this phenomenon is that the media tends to sensationalize
                                 certain news events such as floods, hurricanes, and tornadoes and down-
                                 plays other less newsworthy events such as smoking, drinking, and being
                                 overweight.
                                   In summary, then, when you make a decision or plan a course of action
                                 based on probability, get the facts from a reliable source, weigh the
                                 consequences of each choice of action, and then make your decision. Be sure
                                 to consider as many alternatives as you can.
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