Availability Bias - Deepstash
Availability Bias

Availability Bias

People change their opinion about something based on the ease that they retrieve arguments and examples for it.

For example: you will think a course you're attending is better if you are asked to find 10 improvements rather than 5, because you will have a harder time finding them all.

This applies in the case of news on very rare events that are suddenly an issue (e.g. terrorism, plane crashes). This leads to "Availability Cascades" where the people's emotions turn to irrational fear over insignificant risks.

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cristianpopa

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The idea is part of this collection:

What Is Opportunity Cost

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