Availability heuristic: The availability heuristic is a cognitive bias that refers to our tendency to rely on easily accessible information or stimuli. This...
Availability heuristic:
The availability heuristic is a cognitive bias that refers to our tendency to rely on easily accessible information or stimuli. This can lead us to overestimate the likelihood of events that are easily recalled or come to mind more frequently. For example, if you're asked about the probability of a black swan landing in a particular city, you might be more likely to say it's "likely" than if you were asked about the probability of a black poodle landing in the same city.
Recency bias:
The recency bias is a cognitive bias that refers to our tendency to remember the most recent information we encounter more vividly than information we encounter farther in the past. This can lead us to overestimate the likelihood of events that are recently encountered. For example, if you're asked about the probability of a black swan landing in a particular city, you might be more likely to say it's "likely" than if you were asked about the probability of a black swan landing in the same city 10 years ago