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.
Tags:
decision making, cognition, cognitive science, cognitive psychology, cognitive neuroscience, mind, heuristics, problem solving, optimization, cognitive toolbox, small worlds, large worlds
Duration:
00:02:42