Bounding rationality to the world

By Peter M. Todd, Gerd Gigerenzer. 2003

344 citations recorded by the source corpus.

Subfields: Artificial Intelligence, Computer Networks and Communications, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/b94a6ba4ef8a2a7bbe30045fa2430baf56869ef9

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In Artificial Intelligence

In Computer Networks and Communications

In General Decision Sciences

Citations in the corpus

Coherence Shifts in Probabilistic Inference Tasks (2010, methodology): “The TTB heuristic provides a typical example of the fast-and-frugal heuristics approach: It copes with complexity by using limited information search and hence by ignoring information (Todd & Gigerenzer, 2003, p. 149).”
Accommodation decision-making during the COVID-19 pandemic: Complexity insights from Greece (2020, unknown): “Within the broader field of behavioural economics, risk perception and cognition inform one’s internal interpretation of stimuli, hence their response to a certain situation based on frequency-based probabilities and maximisation of expected utility (Todd and Gigerenzer, 2003; Karl, 2018).”
Risk and rationality in entrepreneurial processes (2007, background): “The extensive empirical evidence against expected utility theory as a descriptive theory has not displaced it as a normative basis for rational decision making (see Beckert, 1996; Starmer, 2000; Todd and Gigerenzer, 2003).”
The Study of Bias in Entrepreneurship (2017, background): “New evidence suggests that biased decision making, which relies on few cues and ignores most accessible information (e.g., recognition heuristic and “take-the-best”), leads to accurate judgments (Br€oder & Eichler, 2006; Goldstein & Gigerenzer; Rieskamp & Otto, 2006; Todd & Gigerenzer, 2003, 2007).”
Diffusion of environmentally-friendly energy technologies: buy versus lease differences in residential PV markets (2013, unknown): “…that individual decision-makers are rational and information-prescient, there is increasing evidence that individual decision-makers depart significantly from the neoclassical model (Camerer et al 2004, Frederick et al 2002, Gintis 2000, Todd and Gigerenzer 2003, Wilson and Dowlatabadi 2007).”
Innovations, Stakeholders & Entrepreneurship (2007, background): “Several results from psychology, robotics and ecological conceptions of behavior and ratio nality attest to this (Todd and Gigerenzer, 2003).”