The problem is not simply in peoples’ mind. It’s often in the experts, who do not always have a reasonable conception of rationality.
Gerd Gigerenzer directs the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development in Berlin.
His books include Gut Feelings: The Intelligence of the Unconscious, Risk Savvy: How to Make Good Decisions, and Simple Heuristics That Make Us Smart.
He has trained U.S. federal judges, German physicians, and top managers in decision making and understanding risks and uncertainties. With the Bank of England he is working on the project “Simple heuristics for a safer world.”
Host Peter Todd is a professor in IU-Bloomington’s Department of Psychological and Brain Sciences.