What are some examples of the availability heuristic in everyday life?
If we cancel a planned flight because of a recent air disaster, we are demonstrating the availability heuristic. Air travel hasn’t suddenly become more dangerous (in fact, the opposite is likely to be true), but our perception of its dangers has changed.
Panic buying can be partly explained by the availability heuristic. Media coverage of panic buying can make us believe that we need to stock up on items that, in reality, we have no shortage of.