Empirical tests of a fast-and-frugal heuristic: Not everyone "takes-the-best"

By Ben R. Newell, N. Weston, David R. Shanks. 2003

242 citations recorded by the source corpus.

Subfields: General Decision Sciences, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/ae73c28cf4e692f35d74cff4d9cefc5cd61501aa

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In General Decision Sciences

In Management Science and Operations Research

Citations in the corpus

Homo Heuristicus: Why Biased Minds Make Better Inferences (2009, background): “Consider Newell, Weston, and Shanks (2003), who tested take-the-best in two experiments and found that in Experiment 1 ‘‘participants adhered to the search, stopping, and decision rules in 75%, 80%, and 89% of all possible cases, respectively.”
Gut Feelings: The Intelligence of the Unconscious (2007, unknown): “Bröder, 2000, 2003; Bröder and Schiffer, 2003; Newell et al., 2003.”
Search strategies in decision making: the success of “success” (2004, methodology): “To our knowledge, all previous tests of search behavior have been conducted in environments in which search by validity and success could not be distinguished because discrimination rates were held constant across cues, thus making validity and success orderings identical—see Equation 1 above (e.g.,”
Environments That Make Us Smart (2007, methodology): “This prediction has been supported in numerous studies; for instance, onereasondecisionmechanismshavebeenreportedtobeusedwhen people must pay for information ( Newell, Weston, & Shanks, 2003 ),mustsearchforinformationinmemory(Bro¨der&Schiffer, 2003), or are under time pressure—all situations in whic”
Inferences under time pressure: how opportunity costs affect strategy selection. (2008, background): “& Cummins, 2004; Newell & Shanks, 2003; Newell, Rakow, Weston, & Shanks, 2004; Newell, Weston, & Shanks, 2003; Rieskamp, 2006; Rieskamp & Hoffrage, 1999; Rieskamp & Otto, 2006).”
Do People Make Decisions Under Risk Based on Ignorance? An Empirical Test of the Priority Heuristic Against Cumulative Prospect Theory (2008, unknown): “In line with experiments on probabilistic inference tasks (Glockner, 2006; Glockner & Betsch, 2007; Newell, Weston, & Shanks, 2003; Newell & Shanks, 2003; cf. Broder, 2003), on”
The Priority Heuristic: Making Choices Without Trade-Offs (2006, unknown): “…cognitive processes and inferences can be predicted by models of heuristics (e.g., Bröder, 2000; Bröder, 2003; Bröder & Schiffer, 2003; Dhami, 2003; Huber, 1982; Newell, Weston, & Shanks, 2003; Payne et al., 1993; Payne, Bettman, & Luce, 1996; Rieskamp & Hoffrage, 1999; Schkade & Johnson, 1989).”
"Take-the-best" and other simple strategies: Why and when they work "well" with binary cues (2006, methodology): “At the outset of this paper, we noted that there is now a growing experimental literature that tests if and when people actually use TTB-like mental strategies (Broder, 2000, 2003; Broder and Schiffer, 2003; Newell and Shanks, 2003; Newell et al., 2003; Rieskamp and Hoffrage, 1999, 2002).”
Rationality for Mortals: How People Cope with Uncertainty (2008, methodology): “Newell, Weston, and Shanks (2003) report that the decision rule of take-the-best was followed by their participants in 89 percent of trials, both for six and two cues.”