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Behavioral Economics›Beliefs›Availability

Availability.

What comes easily to mind can feel more common than it is.

Vivid, recent, and personal examples come to mind easily, so they can feel more common than they really are.

Also under Beliefs.

AnchoringA relevant number you see first can pull your later estimate toward it.RepresentativenessA vivid match to a story can feel more likely than the base rate.
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