Re:Americans Are Paying $38 to Collect $1 of Student Debt
by pishpash on Saturday May 20, 2017 @11:06AM
(#14382698)
That's not a lack of understanding of percentages, but of Bayes' rule, which arguably is in a completely different realm of conceptual sophistication.
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Re:Americans Are Paying $38 to Collect $1 of Student Debt
by DanBC on Saturday May 20, 2017 @11:41AM
(#14382885)
Gigerenzer's point is that the same people who don't understand the example when given using percentages find it trivially easy to answer if you give natural numbers such as "1 in 1000 people".