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forecasts) and in decisions for which the application of fast-and-frugal heuristics has been claimed (city-size decisions) the … assumption of complex decision models and the fast-and-frugal heuristics approach, which claim that probabilistic inferences are …
Persistent link: https://www.econbiz.de/10010264843
Many everyday decisions have to be made under risk and can be interpreted as choices between gambles with different outcomes that are realized with specific probabilities. The underlying cognitive processes were investigated by testing six sets of hypotheses concerning choices, decision times,...
Persistent link: https://www.econbiz.de/10010266962
underlying intuition and make the application of simple heuristics and deliberate strategies very unlikely. Taking an … within a relatively short time (i.e., 2.2 seconds). The results indicate reliance on extremely well-calibrated intuition … interdisciplinary perspective, implications for economic and psychological modeling are outlined. -- Decision Making ; Intuition ; Base …
Persistent link: https://www.econbiz.de/10003935633
forecasts) and in decisions for which the application of fast-and-frugal heuristics has been claimed (city-size decisions) the … assumption of complex decision models and the fast-and-frugal heuristics approach, which claim that probabilistic inferences are …. -- Decision Making ; Connectionism ; Parallel Constraint Satisfaction ; Fast-and-Frugal Heuristics ; Bounded Rationality …
Persistent link: https://www.econbiz.de/10003731154
Persistent link: https://www.econbiz.de/10012153498
In recent years, numerous studies comparing intuition and deliberation have been published. However, until now … postulate that intuition and deliberation are completely distinct processes against predictions of interventionist models. The …
Persistent link: https://www.econbiz.de/10010266959
We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … effect on risk taking. A test of state-trait interactions shows that the association between an intuitive trait and risk …
Persistent link: https://www.econbiz.de/10012118611
information. We conducted three studies to test the PH empirically by analyzing individual choice patterns, decision times and … not diagnostic for the PH as compared to CPT. -- Decision Strategy ; Fast and Frugal Heuristics ; Bounded Rationality …
Persistent link: https://www.econbiz.de/10003730615