John's friend Rosika won a major lottery jackpot.Seeing this,and despite the fact that millions don't win and the odds of winning are infinitesimal,John goes out and buys a bunch of lottery tickets despite struggling financially.John's decision to buy the lottery tickets under these circumstances would best be explained by the:

Question

Quizplus · Accepted Answer

John's decision to buy the lottery tickets despite struggling financially can be explained by the availability heuristic, where he is likely overestimating the chances of winning based on the recent example of his friend winning the jackpot. He is relying on the most available information in his mind, which is his friend's success, and not considering the low probability of winning.

John's Friend Rosika Won a Major Lottery Jackpot