Inferences under time pressure: how opportunity costs affect strategy selection.

By Jörg Rieskamp, Ulrich Hoffrage. Acta Psychologica, 2008

307 citations recorded by the source corpus.

Subfields: Applied Psychology, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/96bc3b0ab4907349c954f17e488c6a7c486515ed

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Citations in the corpus

The Study of Bias in Entrepreneurship (2017, background): “…reason that biased decision making is a product of evolution: While it does not work well in artificial settings (such as working with probabilities), it is well-adapted to tackle naturalistic decisions under constraints of time, knowledge, and computational capacity (Rieskamp & Hoffrage, 2008).”
Cognitive abilities and superior decision making under risk: A protocol analysis and process model evaluation (2009, unknown): “…that shape strategy selection and efficacy (Alter, Oppenheimer, Epley, & Eyre, 2007; Botella, Pena, Contreras, Shih, & Santacreu, 2009; Galesic, Garcia-Retamero, & Gigerenzer, 2008; Karlsson, Juslin, & Olsson, 2008; Payne et al, 1993; Reiskamp & Otto, 2006; Rieskamp & Hoffrage, 2008; Simon, 1990).”
Transitive in Our Preferences, But Transitive in Different Ways: An Analysis of Choice Variability (2014, background): “For example, Rieskamp and Hoffrage (1999, 2008) found that DMs are more likely to use lexicographic strategies when making choices under various types of time pressure manipulation.”
Testing the effect of time pressure on asymmetric dominance and compromise decoys in choice (2012, methodology): “…that, as the cognitive demands upon the decision maker increase (i.e. due to time pressure, in this case), the decision maker relies more and more on a heuristic approach based upon limiting information search (see Payne, Bettman, & Johnson, 1993, and Rieskamp & Hoffrage, 2008 for examples).”
Instant Customer Base Analysis: Managerial Heuristics Often “Get it Right”: (2008, background): “Rieskamp and Hoffrage (2008) show that under opportunity costs, people tend to make decisions quickly.”
Homo Heuristicus: Why Biased Minds Make Better Inferences (2009, methodology): “Similar comparative tests of models of heuristics or their building blocks have been conducted by Bröder (in press), Bröder and Gaissmaier (2007), Dieckmann and Rieskamp (2007), Rieskamp and Hoffrage (2008), Rieskamp and Otto (2006), Yee, Dahan, Hauser, and Orlin (2007), among others.”