Andrew O’Connell, “The Daily Stat,” HBR Blog Network, May 30, 2014

A study conducted by Mary Ridell of the University of Nevada, Las Vegas, and Soja Kostoe of the University of Oregon, shows that auto racers’ aren’t reckless. Their behavior arises from a relative insensitivity to what’s known as the “possibility” bias, an exaggerated fear of possible but low-probability negative events and an exaggerated expectation of low-probability positive events. […read more]