Tag: risk-perception

3 pages tagged risk-perception.

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Chapter 12: The Science of Availability — Thinking, Fast and Slow

When judging how frequent or probable something is, the mind answers a different question: how easily can I recall examples? This availability heuristic is fast, often useful, and systematically biased by anything that makes some examples easier to retrieve than others.
Chapter 13: Availability, Emotion, and Risk — Thinking, Fast and Slow

Emotion amplifies availability — fearful events are recalled more easily, judged more probable, and drive policy more than mundane statistics. Paul Slovic’s affect heuristic explains why public risk perception is systematically disconnected from actuarial reality.
Chapter 30: Rare Events — Thinking, Fast and Slow

People overestimate the probability of unlikely events and overweight them in decisions — driven by availability, vividness, and the probability weighting function. This overweighting explains both the purchase of lottery tickets and the fear of terrorism.