Statistical illiteracy can have an enormously negative impact on decision making. This volume of collected papers brings together applied and theoretical research on risks and decision making across the fields of medicine, psychology, and economics. Collectively, the essays demonstrate why the frame in which statistics are communicated is essential for broader understanding and sound decision making, and that understanding risks and uncertainty has wide-reaching implications for daily life. Gerd Gigerenzer provides a lucid review and catalog of concrete instances of heuristics, or rules of thumb, that people and animals rely on to make decisions under uncertainty, explaining why these are very often more rational than probability models. After a critical look at behavioral theories that do not model actual psychological processes, the book concludes with a call for a "heuristic revolution" that will enable us to understand the ecological rationality of both statistics and heuristics, and bring a dose of sanity to the study of rationality.
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Simply Rational
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Author by : Gerd Gigerenzer
Languange Used : en
Release Date : 2015
Publisher by : Oxford University Press, USA
Rational Homotopy Theory
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Author by : Yves Felix
Languange Used : en
Release Date : 2012-12-06
Publisher by : Springer Science & Business Media
Politics As Rational Action
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Author by : L. Lewin
Languange Used : en
Release Date : 2012-12-06
Publisher by : Springer Science & Business Media
Algebra Teorija Isel I Ich Prilo Enija
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Author by : Sergei Mikhailovich Nikol'skii
Languange Used : en
Release Date : 1980
Publisher by : American Mathematical Soc.
American Journal Of Mathematics
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Author by :
Languange Used : en
Release Date : 1891
Publisher by :
The Andover Review A Religious And Theological Monthly
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Languange Used : en
Release Date : 1885
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The Andover Review
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Author by :
Languange Used : en
Release Date : 1885
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