The availability heuristic causes people to overestimate the likelihood of events that readily come to mind due to recent exposure or media coverage, leading to skewed perceptions of risk, according to Robinson Arran (2023).

Authors

• Person: Robinson Arran Organization: Business Studies Journal
  Behavioral Finance: The Psychology behind Financial Decision ...

Sources

• Behavioral Finance: The Psychology behind Financial Decision ... www.abacademies.org Robinson Arran · Business Studies Journal via serper

Referenced by nodes (1)

• availability heuristic concept