Sentences with phrase «availability heuristic»

This way of thinking is so normal that social psychologists have given it a name: «the availability heuristic.»

Availability heuristic, as this one is known, refers to our brain's choice to place more importance on things we can remember or that happened recently.

Since my encounter with Lents, I have tried to reduce the effect of the availability heuristic by building a large network within the legal industry and trying to ferret out what is new, different and better.

I did struggle a bit with «availability cascade»: despite flowing nicely from Kahneman's «availability heuristic», I found «availability cascade» confusing in this context because «availability» sounded to me like it might be about resources, as opposed to information or opinions.

(It can have the unintended consequence of encouraging investors to follow their natural instincts — anchoring, availability heuristic, recency bias, etc. — and chase returns instead of weighing prices against potential default rates, earnings growth, etc..)

It's not easy to avoid Availability Heuristic.

When the interests of many parties are at stake but only one of the parties is known to the decision — maker, a cognitive bias known as the availability heuristic leads decision — makers to systematically undervalue the interests of the parties less cognitively accessible to them.

Scientists call recall bias «availability heuristic» (which is a mouthful, and why I refer to it as recall bias).

Not exact matches

Because people were seeing so many sharks on television and reading about them, the «availability» heuristic was screaming at them that sharks were an imminent threat.

The «availability» heuristic says that the easier a scenario is to conjure, the more common it must be.

Simplifying causal complexity: How interactions between modes of causal induction and information availability lead to heuristic driven reasoning.

The second heuristic, availability, dictates that we perceive something based on how easy that perception comes to mind.

There are three heuristics that generally hinders us in seizing deep value opportunities: 1) representativeness, 2) availability, and 3) anchoring.

In addition to these heuristics, Daniel highlights representativeness, availability and anchoring.

Tversky, A. & Kahneman, D. Availability: A heuristic for judging frequency and probability.

Availability: A heuristic for judging frequency and probability.