{"product_id":"heuristics-a-source-of-judgement-fallacies-or-decision-making-aids-von-jon-michael-jachimowicz","title":"Heuristics: a source of judgement fallacies or decision-making aids?","description":"\u003cp\u003eResearch Paper (undergraduate) from the year 2012 in the subject Psychology - Methods, grade: 20, University of St Andrews, course: Behavioural Economics, language: English, abstract: This review essay explores different perspectives and conceptualizations\u003c\/p\u003e\u003cp\u003eof the study of heuristics, decision-making rules which operate under constrained\u003c\/p\u003e\u003cp\u003etime and computation (Kahneman, 2011). Two opposed models of heuristics that\u003c\/p\u003e\u003cp\u003eassume conditions of bounded rationality, the heuristics-and-biases and the fastand-\u003c\/p\u003e\u003cp\u003efrugal framework, are assessed. Whereas the former evaluates heuristics in\u003c\/p\u003e\u003cp\u003eterms of logical rationality and postulates that humans exhibit predictable\u003c\/p\u003e\u003cp\u003efallacies in judgement, the latter focuses on ecological validity, and suggests that\u003c\/p\u003e\u003cp\u003ehumans possess an adaptive toolbox of evolutionary developed decision-making\u003c\/p\u003e\u003cp\u003erules which enable better decision making. Finally, alternative explanations and\u003c\/p\u003e\u003cp\u003elimitations of existing research programs will be explored, concluding with a\u003c\/p\u003e\u003cp\u003edemand for a rigorous evaluation of experimental designs as well as outlining\u003c\/p\u003e\u003cp\u003econditions for a possible synthesis.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656346425\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656346425","offer_id":39446579445853,"sku":"9783656346425","price":13.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/58def6cd-8c93-43df-9099-44532c51b24c.jpg?v=1778646664","url":"https:\/\/shop.autorenwelt.de\/en\/products\/heuristics-a-source-of-judgement-fallacies-or-decision-making-aids-von-jon-michael-jachimowicz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}