Risk quotient

From a Slate/New Scientist article about the so-called “risk quotient” (RQ)–intelligence about risk:

One way [of increasing RQ] is by being aware of different cognitive biases. Another is to play a personal prediction game. Bet against yourself and estimate probabilities of anything: whether your partner will get home before six, or whether it is going to rain, and keep track of them. Expert gamblers are constantly on the lookout for overconfidence, biases and so on. It is hard work, but it means they know themselves pretty well and they don’t have illusions. They know their weaknesses.

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s