Environments That Make Us Smart Rationality

Traditional views of rationality posit general- purpose decision mechanisms based on logic or optimiza- tion. The study of ecological rationality focuses on un- covering the ''adaptive toolbox'' of domain-specific simple heuristics that real, computationally bounded minds em- ploy,andexplaininghowtheseheuristicsproduceaccurate decisions by exploiting the structures of information in the environments in which they are applied. Knowing when and how people use particular heuristics can facilitate the shaping of environments to engender better decisions.

[1]  Robin M. Hogarth,et al.  "Take-the-best" and other simple strategies: Why and when they work "well" with binary cues , 2006 .

[2]  Gerd Gigerenzer,et al.  Shepard's mirrors or Simon 's scissors? , 2001 .

[3]  Eric J. Johnson,et al.  The Construction of Preference: Do Defaults Save Lives? , 2006 .

[4]  R. Hertwig,et al.  How forgetting aids heuristic inference. , 2005, Psychological review.

[5]  Gerd Gigerenzer,et al.  Simple heuristics and rules of thumb : where psychologists and biologists might meet , 2005 .

[6]  Gerd Gigerenzer,et al.  Heuristics and the Law , 2006 .

[7]  J. Rieskamp,et al.  SSL: a theory of how people learn to select strategies. , 2006, Journal of experimental psychology. General.

[8]  A. Bröder,et al.  Take the best versus simultaneous feature matching: probabilistic inferences from memory and effects of representation format. , 2003, Journal of experimental psychology. General.

[9]  P M Todd,et al.  Précis of Simple heuristics that make us smart , 2000, Behavioral and Brain Sciences.

[10]  G Gigerenzer,et al.  Reasoning the fast and frugal way: models of bounded rationality. , 1996, Psychological review.

[11]  Konstantinos V. Katsikopoulos,et al.  The use of recognition in group decision-making , 2004 .

[12]  B. Newell,et al.  Empirical tests of a fast-and-frugal heuristic: Not everyone "takes-the-best" , 2003 .

[13]  Eric J. Johnson,et al.  The adaptive decision maker , 1993 .

[14]  A. Tversky,et al.  Judgment under Uncertainty: Heuristics and Biases , 1974, Science.

[15]  Gerd Gigerenzer,et al.  Calculated Risks: How to Know When Numbers Deceive You , 2002 .

[16]  G. Gigerenzer Gut Feelings: The Intelligence of the Unconscious , 2007 .

[17]  R. Selten,et al.  Bounded rationality: The adaptive toolbox , 2000 .

[18]  Nick Chater,et al.  Fast, frugal, and rational: How rational norms explain behavior , 2003 .