David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Behavioral and Brain Sciences 23 (5):762-763 (2000)
Simple heuristics that make us smart offers an impressive compilation of work that demonstrates fast and frugal (one-reason) heuristics can be simple, adaptive, and accurate. However, many decision environments differ from those explored in the book. We conducted a Monte Carlo simulation that shows one-reason strategies are accurate in “friendly” environments, but less accurate in “unfriendly” environments characterized by negative cue intercorrelations, that is, tradeoffs.
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Robin M. Hogarth & Natalia Karelaia (2006). “Take-the-Best” and Other Simple Strategies: Why and When They Work “Well” with Binary Cues. Theory and Decision 61 (3):205-249.
Jason Dana & Clintin P. Davis-Stober (forthcoming). Rational Foundations of Fast and Frugal Heuristics: The Ecological Rationality of Strategy Selection Via Improper Linear Models. Minds and Machines:1-26.
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