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Ep. 295: Gerd Gigerenzer & Brian Wansink Interviews with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Relative Numbers in Medication

In the U.S., most brochures don't give even numbers because the assumption is that women are frightened of numbers or maybe they're in numerator whatever the assumption is. In Kansas screening where to take another example of mammography screening, what we know is that out of 1,000 women age 50 who don't participate in screening, 10 years later about five of them die from cancer. So here we have these are simple tools that everyone could learn. Always ask what's the absolute risk? Don't listen or get impressed by relative numbers.

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