Basic Concepts
From Dickinson College Wiki
Basic Concepts
Probability Judgment
Heuristic Mechanism
- Availability heuristic
- "people may judge the probabilities of future events based on how easy those events are to imagine or to retrieve from memory"
- Hindsight bias
- "Because events which actually occurred are easier to imagine than counterfactual events that did not, people often overestimate the probability they previously attached to events which later happened"
- Curse of Knowledge bias
- "people who know a lot find it hard to imagine how little others know
