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Topic: Psychology
Number of pages / Number of words: 4 / 1068
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One bias is the overestimation of the frequency of recent events and their causes because they also tend to be easy to remember. Another bias is the overestimation of the frequency of vivid or extreme events and their causes because they are easy to remember.

Representativeness heuristic is the rule of thumb that says similar kinds of events that happened in the past are good predictor of the likelihood of an upcoming event...


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Another bias is the overestimation of the frequency of vivid or extreme events and their causes because they are easy to remember.

Representativeness heuristic is the rule of thumb that says similar kinds of events that happened in the past are good predictor of the likelihood of an upcoming event. This can lead to failure to take into account base rates and overestimating the likelihood of rare events...


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