Availability Heuristic and Decision Making

A great article that sums up very well the science of availability: https://www.verywellmind.com/availability-heuristic-2794824



"When you are trying to make a decision, a number of related events or situations might immediately spring to the forefront of your thoughts. As a result, you might judge that those events are more frequent or probable than others. You give greater credence to this information and tend to overestimate the probability and likelihood of similar things happening in the future."

"Faced with the need for an immediate decision, the availability heuristic allows people to quickly arrive at a conclusion."

"Heuristics play an important role in how we make decisions and act upon information in the world around us. The availability heuristic can be a helpful tool, but it is also important to remember that it can sometimes lead to incorrect assessments."

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  1. It's a good idea to look up and use external resources such as this.
    One way you can get even more mileage as a group is to critique them: what does the article do or explain particularly well? Are there some points that it misses out on?

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