Episode 022: Deciding, Fast and Slow with Dr. Daniel Kahneman
The Decision Education Podcast
00:00
The Availability Heuristic and the Cognitive Illusion
The availability heuristic is that when something easily is recalled, we tend to judge it as more frequent. People will vastly overestimate the probability of getting attacked or hurt by shark and really underestimate the probability of dying because a horse kicks you. So how would you apply that to we're usually pretty good, but then we have an issue? Well, if you want to compare, I would say cognition is very much like perception. Cognition is really quite poor. But we're very much weaker in the way we think thanin the way we see.
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