On the descriptive validity and prescriptive utility of fast and frugal models (2000)

Abstract

Simple heuristics and regression models make different assumptions about behaviour. Both the environment and judgment can be described as fast and frugal. We do not know whether humans are successful when being fast and frugal. We must assess both global accuracy and the costs of Type I and II errors. These may be “smart heuristics that make researchers look simple.”

Bibliographic entry

Harries, C., & Dhami, M. K. (2000). On the descriptive validity and prescriptive utility of fast and frugal models. Behavioral and Brain Sciences, 23, 753-754.

Miscellaneous

Publication year 2000
Document type: Article
Publication status: Published
External URL:
Categories: Expected UtilityEnvironment Structure
Keywords:

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