The availability heuristic is a mental shortcut where people assess the probability of an event based on how easily examples come to mind, such as overestimating the likelihood of stock market crashes after recently hearing about them.

Authors

• Person: Dr. Dawn M. Carpenter Organization: LinkedIn
  Mind Over Money: Behavioral Economics and Financial Decision ...

Sources

• Mind Over Money: Behavioral Economics and Financial Decision ... www.linkedin.com Dr. Dawn M. Carpenter · LinkedIn via serper

Referenced by nodes (2)

• mental shortcuts concept
• availability heuristic concept