Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why You Overestimate How Much You Know the Availability Bias
Ever felt certain a recession is coming because you just saw three news articles about layoffs? That's the availability heuristic at work — your brain confusing how easy something is to recall with how likely it actually is. In this episode of Behavioral Economics with Fexingo, Lucas and Luna unpack the bias that distorts risk perception, from stock market panic to vaccine hesitancy. They walk through the classic Tversky and Kahneman experiments, why vivid plane crashes feel more dangerous than car accidents (which kill far more people), and how a simple mental trick — asking 'what…
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