Asked by Cyndi Ramirez-Mendoza on Jun 02, 2024

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What is the term for basing the estimated probability of an event on the ease with which instances come to mind

A)  representativeness heuristic 
B)  law of small numbers 
C)  conjunction fallacy 
D)  availability heuristic

Availability Heuristic

A cognitive shortcut based on the first examples that spring to mind when considering a particular topic, idea, strategy, or choice.

Estimated Probability

A statistical measure expressing the likelihood of a specific event occurring based on current evidence or past occurrences.

Instances

Specific examples or occurrences of a particular event, situation, or phenomenon.

  • Understand the variety of cognitive heuristics and biases that influence decision-making procedures.
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Priya PancholiJun 05, 2024
Final Answer :
D
Explanation :
The term for basing the estimated probability of an event on the ease with which instances come to mind is called the availability heuristic. The availability heuristic is a mental shortcut where people make judgments about the likelihood of an event based on the ease with which relevant examples come to mind.