Mousavi, Shabnam; Gigerenzer, Gerd - In: Homo oeconomicus : HOE ; journal of behavioral and … 34 (2017) 4, pp. 361-379
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...