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On the descriptive validity and prescriptive utility of fast and frugal models
Behavioral and Brain Sciences 23 (5):753-754 (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.”.Links
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Citations of this work
Evaluating psychodiagnostic decisions.Cilia L. M. Witteman, Clare Harries, Hilary L. Bekker & Edward J. M. Van Aarle - 2007 - Journal of Evaluation in Clinical Practice 13 (1):10-15.
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