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  • The Flaw of Averages

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The Flaw of Averages

Have you heard the one about the river-crossing statistician who drowns after determining that the water is, on average, only three feet deep? This, says author Sam L. Savage, is just one example of the flaw of averages.But don't despair, Savage writes in The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty. The...

ReasonTV | September 11, 2009Watch more videos from ReasonTV

Tags:. .uncertainty. .flaw. .statistician. .underestimate. .drowns