Smart heuristics for individuals, teams, and organizations

G Gigerenzer, J Reb, S Luan - Annual Review of Organizational …, 2022 - annualreviews.org
Heuristics are fast, frugal, and accurate strategies that enable rather than limit decision
making under uncertainty. Uncertainty, as opposed to calculable risk, is characteristic of …

Why bounded rationality?

R Viale - Routledge handbook of bounded rationality, 2020 - taylorfrancis.com
In the philosophy of science why-questions are a way to address the foundations of scientific
explanation. For Bas van Fraassen (1980), a theory of explanation is essentially a theory of …

How to explain behavior?

G Gigerenzer - Topics in cognitive science, 2020 - Wiley Online Library
Unlike behaviorism, cognitive psychology relies on mental concepts to explain behavior. Yet
mental processes are not directly observable and multiple explanations are possible, which …

What is bounded rationality?

G Gigerenzer - Routledge handbook of bounded rationality, 2020 - taylorfrancis.com
There are not one but three programs of bounded rationality, and these could hardly be
more unalike. Herbert Simon's original program studied how people make rational decisions …

The heuristics revolution: rethinking the role of uncertainty in finance

G Gigerenzer - The Behavioural Finance Revolution, 2018 - elgaronline.com
Ants use heuristics to measure the area of a candidate nest cavity. Humans rely on
elimination heuristics to choose a smartphone from hundreds of options. Animals, humans …

[PDF][PDF] A vállalat stratégiája

A Rideg - 2023 - pea.lib.pte.hu
„A könyvet modernné teszi egyrészt az újszerű struktúrája, az elméletek egy hányadának
(beleértve a klasszikusokat is) újszerű kontextusba helyezése és leírása, valamint a …

From bounded rationality to ecological rationality

G Gigerenzer - Elgar Companion to Herbert Simon, 2024 - elgaronline.com
Janus words, also known as contranyms, are a source of perplexity to every learner of a new
language. Why, a novice may ask, do you say in English that the moon is out when it shines …

Predicting revenues with the multiplier heuristic

FM Artinger, N Kozodoi, J Runge - Available at SSRN 3546017, 2020 - papers.ssrn.com
Using machine learning to forecast revenues per customer, product, or store has become a
major industry. It contrasts with a simple, intuitive managerial heuristic: multiply the revenue …