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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 …
Persistent link: https://www.econbiz.de/10008633200
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
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 …
Persistent link: https://www.econbiz.de/10014216584
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
Introduction: Why cognitive operations? -- Chapter 1: Approaches to cognitive modelling -- Chapter 2: Decisions under risk -- Chapter 3: Strategic interactions -- Chapter 4: Newsvendor problems -- Chapter 5: Decisions under uncertainty -- Chapter 6: Conclusions: The future of cognitive modelling...
Persistent link: https://www.econbiz.de/10014312114