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 …

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 …

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 …

predict exchange rates and to advocate floating exchange rates, economists unwittingly employ nominalist heuristics. Second …, nominalist heuristics have influenced actual exchange rates through the centuries, and this finding is replicated in the … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and …