As reflected in the amount of controversy, few areas in psychology have undergone such dramatic conceptual changes in the past decade as the emerging science of heuristics …
Modeling human cognition is challenging because there are infinitely many mechanisms that can generate any given observation. Some researchers address this by constraining the …
If citizens' behavior threatens to harm others or seems not to be in their own interest (eg, risking severe head injuries by riding a motorcycle without a helmet), it is not uncommon for …
Choice behavior is considered the fundamental means by which individuals exert control over their environments. One important choice domain that remains virtually unexplored is …
We introduce the Berlin Numeracy Test, a new psychometrically sound instrument that quickly assesses statistical numeracy and risk literacy. We present 21 studies (n= 5336) …
" More information is always better, and full information is best. More computation is always better, and optimization is best." More-is-better ideals such as these have long shaped our …
S Luan, J Reb, G Gigerenzer - Academy of Management Journal, 2019 - journals.aom.org
Heuristics are often viewed as inferior to “rational” strategies that exhaustively search and process information. Introducing the theoretical perspective of ecological rationality, we …
This chapter presents a number of convergent arguments and empirical evidence for a unified theoretical approach that explains both intuitive and deliberate judgments as rule …
Nearly a century ago, Frank Knight famously distinguished between risk and uncertainty with respect to the nature of decisions made in a business enterprise. He associated generating …