Heuristics are commonly viewed in behavioral economics as inferior strategies resulting from agents’ cognitive limitations. Uncertainty is generally reduced to a form of risk, quantifiable in some probabilistic format. We challenge both conceptualizations and connect heuristics and uncertainty...

Ende Oktober 2018 hat der Sachverständigenrat für Verbraucherfragen das Gutachten "Verbrauchergerechtes Scoring" vorgelegt. Es geht dabei um die sich ausbreitende Praxis, immer mehr Aspekte des Verhaltens der Bürger durch "Scores" vorherzusagen oder zu steuern. Scoring ist durch eine Reihe...

This research evaluates Minimal Economic Knowledge (MEK) in Germany — that is, basic knowledge of economic facts, concepts, and causal relationships needed for understanding and successfully participating in the economy. It is addressed to gain an understanding of the level of Minimal Economic...