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Topic: Availability heuristic


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In the News (Mon 7 Dec 09)

  
  Heuristic - Wikipedia, the free encyclopedia
Heuristics are intended to gain computational performance or conceptual simplicity potentially at the cost of accuracy or precision.
In heuristic evaluation, the user interface is reviewed by experts and its compliance to ten usability heuristics (broadly stated characteristics of a good user interface) is assessed and any violating aspects are recorded.
Heuristics and artificial intelligence in finance and investment — The use of heuristics and AI techniques in finance and investment.
en.wikipedia.org /wiki/Heuristic   (965 words)

  
 Availability Heuristic   (Site not responding. Last check: 2007-10-23)
THe availability heuristic is something that is fuelled by the most prevalant and common stimuli in our environment.
The availability heuristic refers to a tendency to base a judgment on information that is readily available to them.
Availability heuristic: This heuristic is used to evaluate the frequency or likelihood of an event on the basis of how quickly instances or...
www.availabilityheuristic.info   (308 words)

  
 Representativeness Heuristic   (Site not responding. Last check: 2007-10-23)
· heuristic: probability judgment influenced by the degree to which A...
The gambler’s fallacy, the belief in runs of good and bad luck can be explained by the representativeness heuristic.
The representativeness heuristic is a heuristic wherein we assume commonality between objects of similar appearance.
www.representativenessheuristic.info   (260 words)

  
 Law and Economics [Internet Encyclopedia of Philosophy]
Another claim is that our cognitive abilities are distorted by the "availability heuristic." According to this the availability of strong imagery may induce us to over or underestimate the actual probability of events associated with the image.
For instance, graphic representations of highly improbable harms might be more influential on behavior and demand unjustified use of resources if in opposition to statistical analysis showing another equally undesirable harm to be more common and easier to avoid.
For instance, judges might be as irrationally influenced by the availability heuristic as other human beings.
www.iep.utm.edu /l/law-econ.htm   (3454 words)

  
 Creativity, Thinking Skills, Critical Thinking, Problem solving, Decision making
Decision Making and the Availability Heuristic - a self test of how publicity affects your reasoning
Courses at Sloan School of Management, available online as part of MIT OpenCourseWare Project - includes syllabi and course materials
When conditions are complex and dynamic, time is short, and critical information is available, the key to making good decisions is to blend intuition with reasoning—more specifically, reliable intuition with timely reasoning.
www.maxwell.af.mil /au/awc/awcgate/awc-thkg.htm   (7789 words)

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