Over the last couple of years there have been some significant public debates where the results have defied belief – at least, the beliefs of some people. We’ve had the Brexit vote, the election of Donald Trump to the US presidency and we are facing a similar debate in Australia…
Why is it that we often ignore hard data and go with our gut when making a decision? It’s especially true when it comes to estimating the probability of something. Are our brains just really mediocre when it comes to numbers or is there a reason for our misguided instincts?
We’re supposed to be rational, sensible beings that work hard, reap the rewards and let logic guide the way. That’s the way the world goes round, but every now and then a small break from sanity can do us some good.