VIDEO: Understanding Availability Bias
by Leah Woodly
In this enlightening video, we dive into the concept of availability bias--a cognitive bias that significantly influences our decision-making and perception of reality. Have you ever noticed how recent news stories or vivid memories can skew your judgment? That's availability bias at work!
Join us as we explore:
- What availability bias is and how it affects our thinking
- Real-life examples that illustrate this phenomenon
- Practical tips to recognize and counteract availability bias in everyday life
Availability bias may impact how you manage your money and invest. This video will provide valuable insights into the pitfalls of cognitive shortcuts and how to make more informed decisions.
This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.