Professional Development · Methods & Soft Skills · Cognitive Biases and Thinking Errors

Anchoring, Availability, and Recency Bias

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An examination of three interrelated heuristics documented in judgment-under-uncertainty research — anchoring, the availability heuristic, and recency bias — covering how each distorts estimation and decision-making, and how professionals can structure processes to reduce their influence.

Inhaltsübersicht

  • Heuristics Under Uncertainty: An Overview
  • Anchoring: How Initial Numbers Shape Later Judgments
  • The Availability Heuristic: Judging Frequency by Ease of Recall
  • Recency Bias and the Interaction Between These Heuristics
An abstract representation of estimation under uncertainty, with scattered data points and a decision point
Pixabay – Pixabay License

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Learn Anchoring, Availability, and Recency Bias — Cognitive Biases and Thinking Errors Methods & Soft Skills | Summary, Flashcards & Quiz