Base rate neglect representativeness heuristic
To conclude the trilogy of posts on the representativeness heuristic, I here propose that base rate neglect can be reduced if base rates are first presented as judgmental anchors. Psychology Today The representativeness heuristic is a psychological term wherein people judge the probability or frequency of a hypothesis by considering how much the hypothesis resembles available data as opposed to using a Bayesian calculation. While often very useful in everyday life, it can also result in neglect of relevant base rates and other cognitive biases. The …