Heuristics: a source of judgement fallacies or decision-making aids?
Jon Michael Jachimowicz
Broschiertes Buch

Heuristics: a source of judgement fallacies or decision-making aids?

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Research Paper (undergraduate) from the year 2012 in the subject Psychology - Methods, grade: 20, University of St Andrews, course: Behavioural Economics, language: English, abstract: This review essay explores different perspectives and conceptualizations of the study of heuristics, decision-making rules which operate under constrained time and computation (Kahneman, 2011). Two opposed models of heuristics that assume conditions of bounded rationality, the heuristics-and-biases and the fastand- frugal framework, are assessed. Whereas the former evaluates heuristics in terms of logical rationa...