When we can readily remember past instances of an event,we tend to overestimate the likelihood that an event will occur again.What term refers to this phenomenon?
A) framing
B) anchoring and adjustment
C) availability bias
D) representativeness

Question

Quizplus · Accepted Answer

This phenomenon is referred to as availability bias, where the ease with which we can bring an event to mind influences our estimation of its likelihood. We tend to overestimate the likelihood of events that come readily to mind, such as remembering past instances of an event. Framing is when the way information is presented affects our perception and decision-making. Anchoring and adjustment is when our initial estimate of something (anchor) affects our final judgement, even if the anchor is irrelevant. Representativeness is when we rely on stereotypes or prototypes to categorize something or someone.

When We Can Readily Remember Past Instances of an Event,we