Visions of rationality.

V M Chase1, R Hertwig, G Gigerenzer

  • 1Center for Adaptive Behavior and Cognition, Max Planck Institute for Human Development, Lentzeallee 94, 14195 Berlin, Germany.

Summary

Rationality in inference is redefined beyond strict logic to include adaptive goals and environmental factors. Boundedly rational heuristics exploit environmental features for effective decision-making under constraints.

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