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cutoff rule 1 dowry problem 1 ecological rationality 1 heuristic 1 individual decision making 1 information search 1 optimal stopping 1 recognition heuristic 1 search 1 secretary problem 1 sequential search 1 simulation 1
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Dudey, Thomas 1 Todd, Peter 1
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Journal of Bioeconomics 1
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Making Good Decisions with Minimal Information: Simultaneous and Sequential Choice
Dudey, Thomas; Todd, Peter - In: Journal of Bioeconomics 3 (2001) 2, pp. 195-215
The adaptive pressures facing humans and other animals to make decisions quickly can be met both by increasing internal information-processing speed and by minimizing the amount of information to be used. Here we focus on the latter effect and ask how, and how well, agents can make good...
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