Risk and Availability Heuristic: The Role of Availability in Risk Perception and Management

DOI

10.2991/aebmr.k.220405.127How to use a DOI?

Keywords

Availability heuristic; Risk perception; Management; Relevant application

Abstract

It is not obvious yet true that people heavily rely on availability heuristic to perceive the level of risks. The availability heuristic leads people to perceive danger based on the level of social media exposure and disaster potential instead of real fatality rates. Since individuals lack awareness of the shortcut bias, it is the government’s responsibility to manage hazards. In order to maximize effectiveness, the government transforms the availability into a tool of risk management that makes specific risks more salient. By doing so, the availability heuristic also helps the government receive economic benefits. Yet, the availability is a double-edged sword in application due to concerns about overuse, misleading information, inappropriate allocation of resources etc.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Ruolin Feng
PY  - 2022
DA  - 2022/04/29
TI  - Risk and Availability Heuristic: The Role of Availability in Risk Perception and Management
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 760
EP  - 764
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.127
DO  - 10.2991/aebmr.k.220405.127
ID  - Feng2022
ER  -