availability heuristic

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availability heuristic

A nonsystematic form of reasoning based on how easily a solution to a problem is encountered in thought rather than in logic or careful analysis.
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* THE AVAILABILITY ERROR is rooted in our natural tendency to attach greater significance to events that are easily brought to mind or remembered (i.e., are "available").
This error is typically called 'confirmation bias', sometimes also 'the availability error', 'the primacy effect', 'belief persistence', 'positivity bias', or the 'congruence heuristic' (Gilovich, 1991; Sutherland, 1992; Nickerson, 1998).
Making such a judgement - psychologists would probably file it under something called availability error - by the first thing that comes to mind is a common human trait that most brains are wired towards, but it's a habit you have to learn to let go of if you hope to become a successful punter.
Kahneman identifies, for example, what he calls the "availability error;" which results from our tendency to judge matters by the first thing that comes to mind.
Cognitive errors--in which the physician's train of thought is dictated by an initial impression or a positive finding--include the framing effect, the freezing effect, and the availability error, said Dr.
THE surprise which greeted Celtic's performance in their Uefa Cup second-round second-leg victory over Blackburn suggested we had all fallen guilty to something psychologists call the availability error.
The availability error, according to psychologists, is committed by everyone - it means attaching too much importance to the latest piece of information to become available - but it is particularly common, I always think, among us spread bettors.
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