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The beauty of simple models: Themes in recognition heuristic research

Authors :
Daniel G. Goldstein
Gerd Gigerenzer
Source :
Judgment and Decision Making, Vol 6, Iss 5, Pp 392-395 (2011)
Publication Year :
2011
Publisher :
Cambridge University Press, 2011.

Abstract

The advantage of models that do not use flexible parameters is that one can precisely show to what degree they predict behavior, and in what situations. In three issues of this journal, the recognition heuristic has been examined carefully from many points of view. We comment here on four themes, the use of optimization models to understand the rationality of heuristics, the generalization of the recognition input beyond a binary judgment, new conditions for less-is-more effects, and the importance of specifying boundary conditions for cognitive heuristics.

Details

Language :
English
ISSN :
19302975
Volume :
6
Issue :
5
Database :
Directory of Open Access Journals
Journal :
Judgment and Decision Making
Publication Type :
Academic Journal
Accession number :
edsdoj.84eecd10db14dfe969c00eaa043db9b
Document Type :
article