The video looks at some basic, but indispensable, principles in statistics that everyone should know to make rational decisions in life. Without them, you're likely to fall victim to all sorts of cognitive biases. Statistical and probabilistic thinking is a powerful antidote to these default biases we all fall victim to. Facebook page: https://www.facebook.com/ScienceLiteracyChannel/ Twitter page: https://twitter.com/SciLiteracyChan SOURCES: 0:54 : Farrell et al. “The Effect of Performance-Based Incentive Contracts on System 1 and System 2 Processing in Affective Decision Contexts: fMRI and Behavioral Evidence”. The Accounting Review. 6 Nov 2014. http://www.aaajournals.org/doi/abs/10.2308/accr-50852?code=aaan-site 1:08 : Kahneman, D. “Thinking, Fast and Slow”. Farrar, Straus and Giroux. 2011. 2:20 : Reyna, V. & Brainerd, C. “Numeracy, ratio bias, and denominator neglect in judgments of risk and probability”. Learning and Individual Differences. 19 Apr 2007. http://www.sciencedirect.com/science/article/pii/S1041608007000428 3:54 : Park, A. “CT Scans in Childhood Can Triple the Risk of Cancer”. Time. 7 Jun 2012. http://healthland.time.com/2012/06/07/ct-scans-in-childhood-can-triple-the-risk-of-cancer/ 4:23 : “Repeated childhood CT scans increase risk of cancer in adulthood”. Cancer Research UK. 7 Jun 2012. http://www.cancerresearchuk.org/about-us/cancer-news/news-report/2012-06-07-repeated-childhood-ct-scans-increase-risk-of-cancer-in-adulthood Pearce et al. “Radiation exposure from CT scans in childhood and subsequent risk of leukaemia and brain tumours: a retrospective cohort study”. The Lancet. 7 Jun 2012. www.thelancet.com/journals/lancet/article/PIIS0140-6736(12)60815-0/fulltext 4:36 : James G. “A Daily Glass Of Wine Raises Breast Cancer Risk, Warn Experts”. Huff Post. 29 Mar 2012. http://www.huffingtonpost.co.uk/2012/03/29/daily-glass-of-wine-raises-breast-cancer-risk_n_1387490.html Seitz et al. “Epidemiology and Pathophysiology of Alcohol and Breast Cancer: Update 2012”. Alcohol and Alcoholism. 29 Mar 2012. http://alcalc.oxfordjournals.org/content/47/3/204 4:44 : “Breast Cancer Risk in American Women”. National Cancer Institute. 24 Sep 2012. https://www.cancer.gov/types/breast/risk-fact-sheet 5:34 : Newson, L. “Absolute Risk and Relative Risk”. Patient. 13 Nov 2014. https://patient.info/health/absolute-risk-and-relative-risk 6:55 : Ebrahim et al. “Multiple risk factor interventions for primary prevention of coronary heart disease”. Cochrane Database Systematic Review. 9 Jan 2011. http://dx.doi.org/10.1002/14651858.CD001561.pub3 7:05 : “Therapy (NNT) Reviews”. The NNT. http://www.thennt.com/home-nnt/ 7:55 : Sullivan, G & Feinn, R. “Using Effect Size—or Why the P Value Is Not Enough”. The Journal of Graduate Medical Education. Sep 2012. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3444174/ 14:19 : Source: Sharpe, De Veaux, Velleman & Berkowitz. “Business Statistics: A First Course.” P. 296-298. Pearson Canada Inc. 2015. 17:26 : Kundi, M. “Causality and the Interpretation of Epidemiologic Evidence”. Environmental Health Perspectives. 27 Mar 2006. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1513293/ 17:42 : Fedak et al. “Applying the Bradford Hill criteria in the 21st century: how data integration has changed causal inference in molecular epidemiology”. Emerging Themes in Epidemiology. 30 Sep 2015. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4589117/ 17:51 : Ronksley et al. “Association of alcohol consumption with selected cardiovascular disease outcomes: a systematic review and meta-analysis”. BMJ. 22 Feb 2011. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3043109/ 18:02 : Grant, W. “How strong is the evidence that solar ultraviolet B and vitamin D reduce the risk of cancer? An examination using Hill's criteria for causality”. Dermatoendocrinology. Jan-Feb 2009. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2715209/ Mohr et al. “Does the evidence for an inverse relationship between serum vitamin D status and breast cancer risk satisfy the Hill criteria?” Dermatoendocrinology. 1 Apr 2012. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3427194/ 18:06 : Rothman, K & Greenland, S. “Causation and Causal Inference in Epidemiology”. American Journal of Public Health. Jul 2005. http://ajph.aphapublications.org/doi/pdf/10.2105/AJPH.2004.059204