Choice From Experience V Description

. Choice from experience = underweighting is more common thanoverweighting. It represents many situations in which we are exposed to variable outcomes from the same source, eg your friend is usually good company but can sometimes be moody and aggressive<

. Choice from description = rare outcomes are overweighted relative to their probabilities

. The probability of a rare event will most likely be overestimated because of the confirmatory bias of memory, ie thinking about that event you try to make it true in your mind

 

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