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Decision making in small and large worlds |
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’,... |
Gerd Gigerenzer |
goCognitive |
00:02:42 |
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Heuristics |
Heuristics are simple strategies that allow a decision maker to reach a decision quickly and with little effort. While most people view heuristics as 'second class citizens' compared to optimized algorithmic solutions. In this... |
Gerd Gigerenzer |
goCognitive |
00:05:26 |
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The history of decision making |
The history of decision making goes back to the 1600s – to Descartes and Pointcarre who created a first ‘calculus’ of decision making. The modern view of decision making that takes into consideration of human information processing and the use of... |
Gerd Gigerenzer |
goCognitive |
00:04:26 |
