"The availability heuristic explains why winning an award makes you more likely to win another award. It explains why we sometimes avoid one thing out of fear and end up doing something else that’s objectively riskier. It explains why governments spend enormous amounts of money mitigating risks we’ve already faced. It explains why the five people closest to you have a big impact on your worldview. It explains why mountains of data indicating something is harmful don’t necessarily convince everyone to avoid it. It explains why it can seem as if everything is going well when the stock market is up. And it explains why bad publicity can still be beneficial in the long run."
"Here’s how the availability heuristic works, how to overcome it, and how to use it to your advantage."
This talk will draw from a recent post on the Farnam Street Blog.
This week's speaker will be Jack.
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