Another biased heuristic cited by Kahneman and Tversky is that naive observers will expect that a coin toss is more likely to come out heads if they just experienced a run of tails.[42] This is due to a misunderstanding of regression to the mean. A third bias that explains much of society’s pessimistic skew is what Kahneman and Tversky call the “availability heuristic.” [43] People estimate the likelihood of an event or a phenomenon by how easily they can think of examples of it. For the reasons discussed previously the news and our news feeds emphasize negative events, so it is these negative
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