The availability heuristic occurs when people assess financial risks based on recent events or information that readily comes to mind, which can lead to overestimating the likelihood of certain financial outcomes.

Authors

• Person: Not available Organization: CLIMB Project
  Financial Decision-Making: Psychology, Behavior & Risk Insights

Sources

• Financial Decision-Making: Psychology, Behavior & Risk Insights climbproject.org.uk CLIMB Project via serper

Referenced by nodes (1)

• availability heuristic concept