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Familiarity heuristic

Tendency to favor familiar things over new things

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Origin

Availability heuristic

The familiarity heuristic stems from the availability heuristic, which was studied by Tversky and Kahneman. The availability heuristic suggests that the likelihood of events is estimated based on how many examples of such events come to mind. Thus the familiarity heuristic shows how "bias of availability is related to the ease of recall."

Tversky and Kahneman created an experiment in order to test this heuristic. They devised four lists of 39 names. Each list contained 19 female names and 20 male names. Half of the lists had famous female names, and the other half had famous male names. They showed the lists to two test groups. The first group was shown a list and asked to recall as many names as possible. The second group was shown a list and asked to determine if there were more female or more male names. The subjects who heard the list with famous female names said there were more female names than there were male names. Similarly, the subjects who heard the list with famous male names recalled more male names than female names. Thus the familiarity heuristic is defined as "judging events as more frequent or important because they are more familiar in memory."

The familiarity heuristic is based on using schemas or past actions as a scaffold for behavior in a new (yet familiar) situation. This is useful because it saves time for the subject who is trying to figure out the appropriate behavior for a situation they have experienced before. Individuals automatically assume that their previous behavior will yield the same results when a similar situation arises. This technique is typically useful. However, certain behaviors can be inappropriate when the situation is different from the time before.

Hindsight bias

The hindsight bias is the inclination to see events that have already occurred as being more predictable than they were before they took place. For example, after a situation occurs for the first time, you begin to notice it when it reoccurs and therefore because you have now experienced it, it's more readily available in your consciousness and you pull information and predict aspects of the future because of this and think that you "knew it all along." "Hindsight bias results from a biased reconstruction of the original memory trace, using the outcome as a cue" Hindsight bias can alter memories and therefore future predictions.

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