Objective: Reflect on the role that the Availability heuristic plays in your decision-making process. Identify an example from your own life and analyze how this heuristic has influenced your judgment or decision.

Steps to follow:

Understanding the Availability Heuristic: Start by reviewing the concept of the Availability heuristic and how it affects decision-making. Consider how the ease with which examples come to mind can influence our perception of the frequency or likelihood of an event.

Personal Reflection: Think about a time in your life when you or someone you know made a decision or judgment based on how easily an example came to mind. This could be anything from overestimating the likelihood of a car accident because of recent news coverage, to believing that becoming a successful entrepreneur is common because of the high-profile success stories that dominate the media.

Describe the Event: Include the decision you had to make and why you believe the Availability heuristic played a role in your (or someone else's) decision-making process.

Analyze the Impact: Reflect on how this heuristic may have impacted the outcome of the situation. Did it lead to a good or bad decision? How might the decision have been different if you were aware of this heuristic at the time?

Improve Decision Making: Finally, consider how understanding the Availability heuristic can improve your decision-making in the future. Do you think this awareness can improve your objectivity?

• The assignment should be about a page.
• Use clear and concise language.
• Be specific in your example and analysis.
• Cite any sources you refer to in your assignment.