Reason.tv: Sam L. Savage on "The Flaw of Averages"
—Why we underestimate risk in the face of certainty September 11, 2009, 10:30am
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.
Funny, I have actually quoted the "drowning statistician" adage twice in the past two weeks.
