The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty
The Flaw of Averages explores why relying on averages can cause people to underestimate risk when outcomes are uncertain. Sam L. Savage presents a practical examination of variability, estimation, and decision-making, offering readers a thoughtful guide to recognizing the limits of simplified numerical assumptions.
About This Book
The Flaw of Averages examines how summary statistics can misrepresent situations shaped by uncertainty and variation.
Sam L. Savage focuses on the risks of relying too heavily on averages when making judgments about unpredictable outcomes.
The book offers a practical perspective on uncertainty, estimation, and the limits of simplified numerical reasoning.
It is suited to readers interested in business, mathematics, decision-making, and risk.
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