The Centre for Adaptive Behaviour and Cognition (ABC) has hypothesised that much human decision-making can be described by simple algorithmic process models (heuristics). This …
Gerd Gigerenzer's influential work examines the rationality of individuals not from the perspective of logic or probability, but from the point of view of adaptation to the real world of …
How do people make decisions when time is limited, information unreliable, and the future uncertain? Based on the work of Nobel laureate Herbert Simon and with the help of …
Models of Adaptive Behaviour sets out a framework for adaptive explanations of behaviour, and applies this to give analyses of a range of biological issues such as energetic gain …
Although most decision research concerns choice between simultaneously presented options, in many situations options are encountered serially, and the decision is whether to …
AJ Robson - Journal of economic literature, 2001 - aeaweb.org
This paper first considers the implications of biological evolution for economic preferences. It analyzes why utility functions evolved, considers evidence that utility is both hedonic and …
Behavioural ecology often makes the assumption that animals can respond flexibly by adopting the optimal behaviour for each circumstance. However, as ethologists have long …
We present a series of criticisms of the application of optimization theory to the behaviour and morphology of animals, using the example of optimal foraging theory. The criticisms are …
The restricted area of space used by most mobile animals is thought to result from fitness‐ rewarding decisions derived from gaining information about the environment. Yet …