Simply Rational - Decision Making in the Real World (Hardcover)

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.

General

Imprint:	Oxford UniversityPress
Country of origin:	United States
Series:	Evolution and Cognition Series
Release date:	April 2015
Authors:	Gerd Gigerenzer (Professor and Director)
Dimensions:	239 x 156 x 23mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	328
ISBN-13:	978-0-19-939007-6
Categories:	Books > Social sciences > Psychology > Social, group or collective psychology Books > Social sciences > Sociology, social studies > Social research & statistics > General Books > Social sciences > Psychology > Cognition & cognitive psychology > General
LSN:	0-19-939007-X
Barcode:	9780199390076

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