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The availability heuristic is our tendency to judge the likelihood of an event based on how easily we can recall instances of it. This guide is efficient, but it can mislead, as when we attempt to judge various risks for example: plane travel.

What is availability heuristic?

  • The availability heuristic describes our propensity to base future judgments on knowledge that comes to mind fast and easily.
  • Because memories that are readily recalled are typically insufficient for determining how probable events are to occur again in the future, the availability heuristic can result in poor decision-making.
  • This ultimately leaves the decision-maker with poor information on which to base their choice.
  • A heuristic is a mental shortcut or "rule of thumb" that aids in directing our decisions.

The availability heuristic facilitates our decision-making process. The availability heuristic, however, poses a challenge to our capacity to precisely assess the likelihood of specific events because our memories might not be good predictive models.

Know more about availability heuristic with the help of the given link:

https://brainly.com/question/20314300

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