Literature DB >> 12549583

Take the best or look at the rest? Factors influencing "one-reason" decision making.

Ben R Newell1, David R Shanks.   

Abstract

Aspects of an experimental environment were manipulated in 3 experiments to examine the parameters under which the "take-the-best" (TTB) heuristic (e.g., G. Gigerenzer & D. G. Goldstein, 1996) operates. Results indicated TTB use to be more prevalent when the cost of information was high, when validities of the cues were known, and when a deterministic environment was used. However, large individual variability in strategy use was observed as well as a significant proportion of behavior inconsistent with TTB, expecially its stopping rule. The results demarcate some of the heuristic's boundary conditions and also question the validity of TTB as a psychologically plausible and pervasive model of behavior.

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Year:  2003        PMID: 12549583     DOI: 10.1037//0278-7393.29.1.53

Source DB:  PubMed          Journal:  J Exp Psychol Learn Mem Cogn        ISSN: 0278-7393            Impact factor:   3.051


  20 in total

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7.  Magnitude comparison revisited: an alternative approach to binary choice under uncertainty.

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8.  Does causal knowledge help us be faster and more frugal in our decisions?

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9.  The influence of information redundancy on probabilistic inferences.

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Review 10.  Good judgments do not require complex cognition.

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