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Keywords: availability bias
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Annual Technical Conference and Exhibition, November 11–14, 2007
Paper Number: SPE-110765-MS
... NPV. Availability bias, as modeled herein, similarly acts to increase the apparent NPV of a project – making a project actually likely to result in a $55 million dollar loss seem to have an NPV of up to $329 million. The trust heuristic differs slightly in that its use, rather than actively causing...
