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No one really knows what will happen the next time a giant bank goes bust because of its misunderstanding of risk.
I am concerned that the coverage of Jolie's decision, if not handled carefully, will add fuel to a culture of fear, to a misunderstanding of risk that could compromise women's health choices.
At its heart, the Levin-McCain report reveals executives with a profound misunderstanding of risk in the world's largest bank (I use the calculations of comparative bank size offered by Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corporation).
USA Today makes a common mistake in this article based on a fundamental misunderstanding of risk.
Anxiety and misunderstanding of risk information may influence how individuals make use of risk management advice.
Nevertheless, some misunderstanding of risk prevailed, for example only one third of women could accurately report the population risk before counseling.
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News reports of terrorism and natural disasters, however, sometimes have been faulted for inaccurate, incomplete, and sensational coverage that may contribute to public misunderstanding of risks [ 6- 8].
The challenges for the clinician are to minimise patients' misunderstanding and misinterpretation of risks or benefits of treatment and to avoid imposing his or her own treatment preferences onto the patient.
Possible explanations for disparities in influenza vaccination include: (1) barriers to access such as cost, insurance status, and language differences; (2) underestimation of personal risk and misunderstanding of vaccination risks; (3) mistrust toward the health care system.
The third point was that there was misunderstanding of tail risk, fostered by financial theories such as value at risk, which he described as the biggest charlatanism in intellectual history.
Gaps in breast cancer knowledge, misunderstanding of related risk factors, and inaccurate perception of one's own risk may have a negative impact on screening behaviors for breast cancer.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com