Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger · chapter 1 · id poor-charlies-almanack-c1-05-mungers-availability-misweighi
“Munger's 'Availability-Misweighing Tendency' states that people overweight vivid, easily recalled information when making judgments -- a practitioner restatement of Tversky and Kahneman's availability heuristic.”
VERIFIEDconfidence: high✓ ZHP-verified + red-teamed
Receipts
Tversky & Kahneman, 'Availability: A Heuristic for Judging Frequency and Probability,' Cognitive Psychology (1973)DOI registry: valid
A person is said to employ the availability heuristic whenever he estimates frequency or probability by the ease with which instances or associations could be brought to mind.
Pachur, Hertwig & Steinmann, 'How Do People Judge Risks: Availability Heuristic, Affect Heuristic, or Both?' Journal of Experimental Psychology: Applied (2012)DOI registry: valid
Availability and affect both contribute to risk judgments; the availability heuristic remains a robust predictor of judged frequency.
This claim is a stable, citable object. If you can falsify a verdict, tell us. Corrections are loud here.