A good grasp of basic statistics will help us to make the right life choices, finds Omar Malik
Risk is integral with life. It ceases only when life ceases. If you manage risk badly, your exit may be sooner than you wish: a good reason for studying the subject carefully. Much of the literature of risk is excellent, and Gerd Gigerenzer – whose work Malcolm Gladwell drew on extensively in his best-selling book Blink: The Power of Thinking Without Thinking – is a leading contributor to this excellence. A very important paragraph is nearly the last in this book; it should have been the first. In it Gigerenzer explains why Risk Savvy is not an academic textbook: he wishes to give something back to the taxpayers who fund his research; he does not wish people to be further estranged from science; he seeks to enable readers to take more control of their lives by making more informed decisions. Would that these principles were compulsory throughout the academy.