Shared decision making relies on the exchange of information between the physician and the patient and the involvement of both patient and physician in making the decision. Informed shared decision making thus requires that patients and doctors understand the benefits and harms of different treatment options. This, however, is severely undermined by what we call collective statistical illiterac...

decision support systems (dsss) are prevalent information systems for decision making in many competitive business environments. in a dss, decision making process is intimately related to some factors which determine the quality of information systems and their related products. traditional approaches to data analysis usually cannot be implemented in sophisticated companies, where managers need...

decision support systems (dsss) are prevalent information systems for decision making in many competitive business environments. in a dss, decision making process is intimately related to some factors which determine the quality of information systems and their related products. traditional approaches to data analysis usually cannot be implemented in sophisticated companies, where managers nee...

We discuss behavioral studies directed at understanding how probability information is represented in motor and economic tasks. By formulating the behavioral tasks in the language of statistical decision theory, we can compare performance in equivalent tasks in different domains. Subjects in traditional economic decision-making tasks often misrepresent the probability of rare events and typical...

37 We discuss behavioral studies directed at understanding how probability 38 information is represented in motor and economic tasks. By formulating the behavioral 39 tasks in the language of statistical decision theory, we can compare performance in 40 equivalent tasks in different domains. Subjects in traditional economic decision-making 41 tasks often misrepresent the probability of rare eve...