Conversation

Replying to
This from prospect theory (Kahneman and tversky) gives a nice view of how humans perceive probabilities. Its why people play the lottery and are afraid of airplane travel.
Image
1
55
Replying to and
Since this was far and away my most popular tweet, here is some more - quantitative assessments of qualitative probabilities. I was surprised by the spread. Note also local maxima near 0 and 1 present in most
Image
2
21