Availability Heuristic + Conformity = Fun

There is evidence that people often confuse how easy something is to remember and how common it is

 
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Dialog:

  • Port:
    • There is evidence that people often confuse how easy something is to remember and how common it is.
  • Starboard:
    • Since radical notions seem more memorable, I wonder if this biases people to think radical ideas are more widespread than they are.
    • Combined with a tendency to "follow the herd" this could lead to investments no one thinks will work or politics no one believes in.
  • Port:
    • You could buy shares of my sub-oceanic server farm company without the put-down.
 

2 Comments:

  1. thad Says:

    – alternative ending –

    “Don’t underestimate the human ability to convince ourselves that what we have already done was justified.”

  2. thad Says:

    I thought you guys might also like these links about a study that argues repetition is often confused with majority opinion and the wikipedia entry for the availability heuristic.

    :)

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