The ________ is when decision makers tend to remember events that are the most recent and vivid in their memory.
A)sunk costs error
B)hindsight bias
C)availability bias
D)representation bias
E)selective perception bias

Question

Quizplus · Accepted Answer

The availability bias refers to the tendency of decision makers to rely on information and events that are easily accessible and readily available in memory. This bias can lead to inaccurate judgments, as decision makers may overestimate the frequency or importance of certain events or information simply because they come to mind easily. It is not sunk costs error, hindsight bias, representation bias or selective perception bias.

The ________ Is When Decision Makers Tend to Remember Events