People fear statistically unlikely events due to cognitive biases like availability heuristics
the verdict
SUPPORTED
the evidence backs this
confidence 77/100
Cognitive biases such as the availability heuristic significantly influence how individuals perceive risks and make decisions about statistically unlikely events.
Evidence for · 4
The Impact of the Availability Heuristic on Decision-Making and Risk Perception
2024 · cited by 1
This paper outlines how the availability heuristic directly alters risk perception and decision-making regarding unlikely events.
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More for · 3
Young Investor’s Investment Decision Making: The Influence of Heuristic Behavior, Risk Perception, and Herding Bias
2024 · cited by 0
This study demonstrates that heuristic behaviors heavily influence risk perception and irrational decision-making.
Risk Perception sebagai Variabel Mediasi: Overconfidence Bias dan Availability Bias terhadap Keputusan Investasi
2026 · cited by 0
This study confirms that availability bias directly shapes risk perception and investment decisions.
Risk Perception sebagai Variabel Mediasi: Overconfidence Bias dan Availability Bias terhadap Keputusan Investasi
2026 · cited by 0
This study confirms that availability bias directly shapes risk perception and investment decisions.