Will you get robbed this year? How would you rate your chances?Over 10 years, from 1994 to 2004, the national Survey of Economic Expectations asked respondents to do just that. People estimated their risks for a whole host of bad-news life events — robbery, burglary, job loss and losing their health insurance. But the survey didn’t just ask respondents to rate their chances: It also asked whether those things had actually happened to them in the last year.And that combination of questions : We are terrible at estimating our risk of crime — much worse than we are at guessing the danger of...…Will you get robbed this year? How would you rate your chances?Over 10 years, from 1994 to 2004, the national Survey of Economic Expectations asked respondents to do just that. People estimated their risks for a whole host of bad-news life events — robbery, burglary, job loss and losing their health insurance. But the survey didn’t just ask respondents to rate their chances: It also asked whether those things had actually happened to them in the last year.And that combination of questions : We are terrible at estimating our risk of crime — much worse than we are at guessing the danger of...WW…
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