Why recognition is rational

The Recognition Heuristic (Gigerenzer and Goldstein, 1996; Goldstein and Gigerenzer, 2002) makes the counter-intuitive prediction that a decision maker utilizing less information may do as well as, or outperform, an idealized decision maker utilizing more information. We lay a theoretical foundation...

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Bibliographic Details
Main Authors: Clintin P. Davis-Stober, Jason Dana, David V. Budescu
Format: Article
Language:English
Published: Cambridge University Press 2010-07-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/10/rh11/rh11.pdf