Availability Bias

The video explains availability bias, a cognitive bias where individuals rely on readily available information when making decisions, often neglecting to seek out additional relevant information. This bias can lead to incomplete decision-making by focusing too much on familiar information. The video highlights the importance of recognizing this bias to ensure all relevant information is considered.

What is the definition of availability bias?

How does availability bias affect decision-making?

Can you provide an example of a situation where availability bias might occur?

What are the consequences of relying on readily available information when making decisions?

What steps can individuals take to mitigate the effects of availability bias?