_____ involves making decisions based on the most immediate and easily accessible information rather than considering all relevant information.
- Anchoring Bias
- Availability Heuristic
- Representative Heuristic
- Sunk Cost Fallacy
The Availability Heuristic is a mental shortcut where individuals make decisions based on information that is most readily available to them. This can lead to biased decision-making because it relies on easily accessible information rather than considering all relevant factors. As a result, decisions made using this heuristic may not always be the most rational or logical, as they may overlook important data or context.
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