Examlex
The only thing that matters when choosing a channel to send a business message is the cost involved.
Availability Heuristic
A cognitive bias in which people judge the probability of events based on how easily examples come to mind, often leading to skewed perceptions of reality.
Base-Rate
The underlying or foundational rate of occurrence for a particular event or outcome within a given population or dataset.
Base-Rate Information
The frequency with which an event occurs within a general population.
Availability Heuristic
A cognitive bias where individuals rely on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
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