The _____ bases a decision on recent information or events.
A) framing error
B) availability bias
C) representativeness bias
D) confirmation error
E) anchoring bias

Question

Quizplus · Accepted Answer

The availability bias refers to a tendency to base decisions on readily available information, which may be recent or memorable events. This can lead to an inaccurate assessment of probabilities or risks, as well as overlooking important but less salient information.

The _____ Bases a Decision on Recent Information or Events