How do people make decisions when time is limited, information unreliable, and the future uncertain? Based on the work of Nobel laureate Herbert Simon and with the help of colleagues around the world, the Adaptive Behavior and Cognition (ABC) Group at the Max Planck Institute for Human Development in Berlin has developed a research program on simple heuristics, also known as fast and frugal heuristics. In the social sciences, heuristics have been believed to be generally inferior to complex methods for inference, or even irrational. Although this may be true in "small worlds" where everything is known for certain, this text argues that in the actual world in which we live, full of uncertainties and surprises, heuristics are indispensable and often more accurate than complex methods. Contrary to a deeply entrenched belief, complex problems do not necessitate complex computations. Less can be more. Simple heuristics exploit the information structure of the environment, and thus embody ecological rather than logical rationality. Simon (1999) applauded this new program as a "revolution in cognitive science, striking a great blow for sanity in the approach to human rationality."
By providing a fresh look at how the mind works as well as the nature of rationality, the simple heuristics program has stimulated a large body of research, led to fascinating applications in diverse fields from law to medicine to business to sports, and instigated controversial debates in psychology, philosophy, and economics. In a single volume, the present reader compiles key articles that have been published in journals across many disciplines. These articles present theory, real-world applications, and a sample of the large number of existing experimental studies that provide evidence for people's adaptive use of heuristics.
Gerd Gigerenzer is a German psychologist who has studied the use of bounded rationality and heuristics in decision making, especially in medicine. A critic of the work of Daniel Kahneman and Amos Tversky, he argues that heuristics should not lead us to conceive of human thinking as riddled with irrational cognitive biases, but rather to conceive rationality as an adaptive tool that is not identical to the rules of formal logic or the probability calculus.
Gerd Gigerenzer ist ein deutscher Psychologe und seit 1997 Direktor der Abteilung „Adaptives Verhalten und Kognition“ und seit 2009 Direktor des Harding-Zentrum für Risikokompetenz, beide am Max-Planck-Institut für Bildungsforschung in Berlin. Er ist mit Lorraine Daston verheiratet.
Gigerenzer arbeitet über begrenzte Rationalität, Heuristiken und einfache Entscheidungsbäume, das heißt über die Frage, wie man rationale Entscheidungen treffen kann, wenn Zeit und Information begrenzt und die Zukunft ungewiss ist (siehe auch Entscheidung unter Ungewissheit). Der breiten Öffentlichkeit ist er mit seinem Buch Bauchentscheidungen, bekannt geworden; dieses Buch wurde in 17 Sprachen übersetzt und veröffentlicht.
[English bio taken from English Wikipedia article]
[Deutsche Autorenbeschreibung aus dem deutschen Wikipedia-Artikel übernommen]
Apparently I never marked this book. It's a collection of some really neat - and for what they are - worthwhile papers to read. The dog paper in the back is funny, so if you can read 700 pages of two columns with small print for long enough you get that payoff in the back.