Describing risk
Stats Chat 2013-04-03
Summary:
From “Decision Science News”, a post on communicating risks to the general public (eg, in newspapers) They give a list of approaches to use less often (relative risks, single-event probabilities as fractions, conditional probabilities) and approaches to use more often (frequencies with an explicit reference group). They don’t mention David Spiegelhalters ‘micromorts‘, or the useful [...]