The Cost of Irrational Fears

Imagine the typical emotional reaction to seeing a spider: fear, ranging from minor trepidation to terror. But what is the likelihood of dying from a spider bite? Fewer than four people a year (on average) die from spider bites, establishing the expected risk of death by spider at lower than 1 in 100 million. This risk is so minuscule that it is actually counterproductive to worry about it: Millions of people die each year from stress-related illnesses. The startling implication is that the r...