Decision making in small and large worlds
Decision making in small and large worlds
About This Video
One of the main distinctions in research on decision making concerns the availability of information to a decision maker. In so-called ‘small worlds’, all alternatives, consequences, and probabilities are known. In so-called ‘large worlds’, decision making occurs under uncertainty – where not everything is known. In Gigerenzer’s view this is the more realistic view of human decision making.
Duration:
00:02:42