The evolutionary origin of Bayesian heuristics and finite memory

Bayes' rule is a fundamental principle that has been applied across multiple disciplines. However, few studies have addressed its origin as a cognitive strategy or the underlying basis for generalization from a small sample. Using a simple binary choice model subject to natural selection, we de...

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Bibliographic Details
Main Authors: Lo, Andrew W, Zhang, Ruixun
Other Authors: Sloan School of Management. Laboratory for Financial Engineering
Format: Article
Language:English
Published: Elsevier BV 2022
Online Access:https://hdl.handle.net/1721.1/144200