Availability-Misweighing Tendency Bias
Number 16 Of The 25 Cognitive Biases…
tendency to overweigh conveniently available information and other psychologically misrouted thinking tendencies.
Examples Of The Availability-Misweighing Tendency Bias
Bias from the non-mathematical nature of the human brain in its natural state as it deal with probabilities employing crude heuristics, and is often misled by mere contrast, a tendency to overweigh conveniently available information and other psychologically misrouted thinking tendencies.
In a sense these psychological tendencies make things unavailable, because if you quickly jump to one thing, and then because you jumped to it the consistency and commitment tendency makes you lock in, boom, that’s error number one.
Or if something is very vivid, that will really pound in. And the reason that the thing that really matters is now unavailable and what’s extra-vivid wins is, I mean, the extravividness creates the unavailability.
How To Avoid Falling Victim To The Availability-Misweighing Tendency Bias
Simply remember “An idea or a fact is not worth more merely because it is easily available to you”
Want To Know More About Charlie Munger’s Cognitive Biases & How To Dominate Life?
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Delay The Instant Gratification
Don’t adopt the epicurean mentality of “eat, drink and be merry for tomorrow we die.”
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