The availability heuristic is a concept in behavioral economics where people rely on easily recalled information rather than actual data when evaluating the likelihood of an outcome.

Authors

• Person: Not available Organization: University of Chicago
  Behavioral economics, explained - UChicago News

Sources

• Behavioral economics, explained - UChicago News news.uchicago.edu University of Chicago via serper

Referenced by nodes (2)

• behavioral economics concept
• availability heuristic concept