Fast, frugal, and rational: How rational norms explain behavior

@article{citeulike:554285, abstract = {Much research on judgment and decision making has focussed on the adequacy of classical rationality as a description of human reasoning. But more recently it has been argued that classical rationality should also be rejected even as normative standards for human reasoning. For example, Gigerenzer and Goldstein (1996) and Gigerenzer and Todd (1999a) argue that reasoning involves \“fast and frugal\” algorithms which are not justified by rational norms, but which succeed in the environment. They provide three lines of argument for this view, based on: (A) the importance of the environment; (B) the existence of cognitive limitations; and (C) the fact that an algorithm with no apparent rational basis, Take-the-Best, succeeds in an judgment task (judging which of two cities is the larger, based on lists of features of each city). We reconsider (A)-(C), arguing that standard patterns of explanation in psychology and the social and biological sciences, use rational norms to explain why simple cognitive algorithms can succeed. We also present new computer simulations that compare Take-the-Best with other cognitive models (which use connectionist, exemplar-based, and decision-tree algorithms). Although Take-the-Best still performs well, it does not perform noticeably better than the other models. We conclude that these results provide no strong reason to prefer Take-the-Best over alternative cognitive models.}, author = {Chater, Nick and Oaksford, Mike and Nakisa, Ramin and Redington, Martin }, citeulike-article-id = {554285}, doi = {10.1016/S0749-5978(02)00508-3}, journal = {Organizational Behavior and Human Decision Processes}, keywords = {bounded-rationality, decision-making, heuristics}, month = {January}, number = {1}, pages = {63--86}, posted-at = {2007-09-19 19:12:49}, priority = {3}, title = {Fast, frugal, and rational: How rational norms explain behavior}, url = {http://dx.doi.org/10.1016/S0749-5978(02)00508-3}, volume = {90}, year = {2003} }

TY - JOUR ID - citeulike:554285 L3 - citeulike-article-id:554285 TI - Fast, frugal, and rational: How rational norms explain behavior JF - Organizational Behavior and Human Decision Processes VL - 90 IS - 1 SP - 63 EP - 86 N2 - Much research on judgment and decision making has focussed on the adequacy of classical rationality as a description of human reasoning. But more recently it has been argued that classical rationality should also be rejected even as normative standards for human reasoning. For example, Gigerenzer and Goldstein (1996) and Gigerenzer and Todd (1999a) argue that reasoning involves “fast and frugal” algorithms which are not justified by rational norms, but which succeed in the environment. They provide three lines of argument for this view, based on: (A) the importance of the environment; (B) the existence of cognitive limitations; and (C) the fact that an algorithm with no apparent rational basis, Take-the-Best, succeeds in an judgment task (judging which of two cities is the larger, based on lists of features of each city). We reconsider (A)-(C), arguing that standard patterns of explanation in psychology and the social and biological sciences, use rational norms to explain why simple cognitive algorithms can succeed. We also present new computer simulations that compare Take-the-Best with other cognitive models (which use connectionist, exemplar-based, and decision-tree algorithms). Although Take-the-Best still performs well, it does not perform noticeably better than the other models. We conclude that these results provide no strong reason to prefer Take-the-Best over alternative cognitive models. KW - bounded-rationality KW - decision-making KW - heuristics AU - Chater, Nick AU - Oaksford, Mike AU - Nakisa, Ramin AU - Redington, Martin PY - 2003/01// UR - http://dx.doi.org/10.1016/S0749-5978(02)00508-3 ER -