Visualization of the base rate fallacy (Coronavirus edition)

To understand the “base rate fallacy” in the Coronavirus context, compare the frequency of “media mentions” of various recent viruses (top image) with the actual number of infections (bottom image) caused by each of these viruses. See also this recent essay on “probability neglect” by my colleague Cass Sunstein.

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
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