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The wisdom in the story: Clarifying assumptions about radical uncertainty and reasonableness in narrative judgment
Igor Grossmann1, Ethan A Meyers1, Richard P Eibach1
1Department of Psychology, University of Waterloo, Waterloo, ON N2L 3G1, Canada. igrossma@uwaterloo.ca emeyers@uwaterloo.ca reibach@uwaterloo.ca https://igorgrossmann.com/ https://uwaterloo.ca/psychology/people-profiles/richard-eibach.
Abstract:
Human lives are radically uncertain. Making sense of such uncertainties is the hallmark of wisdom. Sense-making requires narratives, putting them in the center stage of human everyday decision-making. Yet what if radical uncertainty is a narrative itself? Moreover, do laypeople always consider such narratives irrational? Here we pose these questions to enrich a theory of choice under uncertainty.
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