Many people underestimate the proportion of heart attacks that are not fatal because they are not as memorable as heart attacks that result in death. This illustrates the shortcoming of relying on.

Availability heuristic

Explanation:

The availability heuristic estimate the frequency of events and define the likelihood with these frequencies. In other words, the likelihood of an event is based on how easy it is for the person to remember a similar event. People tend to remember only events that are more devastating than those with little damage because it is easier to remember more events that have more impact.

Many people underestimate the proportion of heart attacks that are not fatal because they are not as memorable as heart attacks that result in death. This illustrates the shortcoming of relying on the availability heuristic.

Explanation:

The availability heuristic is a mechanism (mental shortcut) that the mind uses to determine how likely it is that an event will occur or not, it is based on the recurrence of associated memories or immediate examples associated with that topic or event . Events that are common to us will be easier to remember than events that are not common or less usual, but there are also other reasons that make some things more available than others, such as impact.

economic

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.