This paper examines the concept of representativeness and availability heuristics.
Written in 2008; 1,325 words; 1 sources; MLA; $ 44.95
Paper Summary:
This paper looks at representativeness heuristics and at availability heuristics, provide examples of both, and outline how the use of such heuristics often leads to inaccurate conclusions. At the same time, the paper also looks at why it cannot be said that the application of heuristics by human beings immediately makes people "irrational" in some fundamental sense.
From the Paper:
"When taking into account the concept of heuristics and the various limitations the authors delineate, it is actually rather hard to countenance the idea that heuristics generally leads to true conclusions. For one thing, turning momentarily to availability heuristics, even when someone is aware of their basis and makes a conscious effort to correct it, they often over-compensate - and that even rudimentary efforts at over-compensation appears to be relatively rare. For instance, the Nisbett and Ross report that "simple, tempting, availability criteria are used in contexts in which availability and frequency are poorly correlated.""
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