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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 …
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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 …. -- Decision Making ; Connectionism ; Parallel Constraint Satisfaction ; Fast-and-Frugal Heuristics ; Bounded Rationality …
Persistent link: https://www.econbiz.de/10003731154
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The fast-and-frugal heuristics approach to probabilistic inference assumes that individuals often employ simple … heuristics to integrate cue information that commonly function in a non-reciprocal fashion. Specifically, the subjective validity …-and-frugal heuristics has been demonstrated (city-size tasks). The results indicate that subjective cue validities are not fixed parameters …
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