Behavioural
The Availability Heuristic, Hormuz, and Why Clients Are Overweighting the Worst Case
The vivid imagery of a closed strait, $110 oil, and 30% higher gas prices has activated a well-documented cognitive bias. Kahneman and Tversky's availability heuristic is producing exactly the portfolio distortions advisors should expect, and address.
May 8, 2026
7 min