lovely article on “magical thinking”

No, at some level they believed that their insurance helped keep the plane aloft, according to psychologists with new experimental evidence of just how weirdly superstitious people can be.

We buy insurance not just for peace of mind or to protect ourselves financially, but because we share the ancient Greeks’ instinct for appeasing the gods.

We may not slaughter animals anymore to ward off a plague, but we think buying health insurance will keep us from getting sick. Our brains may understand meteorology, but in our guts we still think that not carrying an umbrella will make it rain, a belief that was demonstrated in experiments by Jane Risen of the University of Chicago and Thomas Gilovich of Cornell.

Travel Insurance – Magical Thinking – Appeasing the Gods, With Insurance – John Tierney – New York Times:

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