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Konstantinos V. Katsikopoulos [5]Konstantinos Katsikopoulos [4]
  1.  37
    Bounded Rationality: The Two Cultures.Konstantinos V. Katsikopoulos - 2014 - Journal of Economic Methodology 21 (4):361-374.
    Research on bounded rationality has two cultures, which I call ‘idealistic’ and ‘pragmatic’. Technically, the cultures differ on whether they build models based on normative axioms or empirical facts, assume that people's goal is to optimize or to satisfice, do not or do model psychological processes, let parameters vary freely or fix them, aim at explanation or prediction and test models from one or both cultures. Each culture tells a story about people's rationality. The story of the idealistic culture is (...)
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  2.  7
    The Robust Beauty of Ordinary Information.Konstantinos V. Katsikopoulos, Lael J. Schooler & Ralph Hertwig - 2010 - Psychological Review 117 (4):1259-1266.
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  3.  92
    Axiomatizing Bounded Rationality: The Priority Heuristic.Mareile Drechsler, Konstantinos Katsikopoulos & Gerd Gigerenzer - 2014 - Theory and Decision 77 (2):183-196.
    This paper presents an axiomatic framework for the priority heuristic, a model of bounded rationality in Selten’s Bounded rationality: the adaptive toolbox, 2001) spirit of using empirical evidence on heuristics. The priority heuristic predicts actual human choices between risky gambles well. It implies violations of expected utility theory such as common consequence effects, common ratio effects, the fourfold pattern of risk taking and the reflection effect. We present an axiomatization of a parameterized version of the heuristic which generalizes the heuristic (...)
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  4.  17
    The Use of Recognition in Group Decision‐Making.Torsten Reimer & Konstantinos V. Katsikopoulos - 2004 - Cognitive Science 28 (6):1009-1029.
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  5.  36
    Nudge, Boost or Design? Limitations of Behavioral Policy Under Social Interaction.Samuli Reijula, Jaakko Kuorikoski, Timo Ehrig, Konstantinos Katsikopoulos & Shyam Sunder - 2018 - Journal of Behavioral Economics for Policy 2 (1):99-105.
    Nudge and boost are two competing approaches to applying the psychology of reasoning and decision making to improve policy. Whereas nudges rely on manipulation of choice architecture to steer people towards better choices, the objective of boosts is to develop good decision-making competences. Proponents of both approaches claim capacity to enhance social welfare through better individual decisions. We suggest that such efforts should involve a more careful analysis of how individual and social welfare are related in the policy context. First, (...)
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  6.  24
    From Meehl to Fast and Frugal Heuristics - New Insights Into How to Bridge the Clinical-Actuarial Divide.Konstantinos V. Katsikopoulos, Thorsten Pachur, Edouard Machery & Annika Wallin - unknown
    It is difficult to overestimate Paul Meehl's influence on judgment and decision-making research. His 'disturbing little book' Clinical versus Statistical Prediction: A Theoretical Analysis and a Review of the Evidence is known as an attack on human judgment and a call for replacing clinicians with actuarial methods. More than 40 years later, fast and frugal heuristics - proposed as models of human judgment - were formalized, tested, and found to be surprisingly accurate, often more so than the actuarial models that (...)
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  7.  24
    Uncertainty, Decision Science, and Policy Making: A Manifesto for a Research Agenda.David Tuckett, Antoine Mandel, Diana Mangalagiu, Allen Abramson, Jochen Hinkel, Konstantinos Katsikopoulos, Alan Kirman, Thierry Malleret, Igor Mozetic, Paul Ormerod, Robert Elliot Smith, Tommaso Venturini & Angela Wilkinson - 2015 - Critical Review: A Journal of Politics and Society 27 (2):213-242.
    ABSTRACTThe financial crisis of 2008 was unforeseen partly because the academic theories that underpin policy making do not sufficiently account for uncertainty and complexity or learned and evolved human capabilities for managing them. Mainstream theories of decision making tend to be strongly normative and based on wishfully unrealistic “idealized” modeling. In order to develop theories of actual decision making under uncertainty, we need new methodologies that account for how human actors often manage uncertain situations “well enough.” Some possibly helpful methodologies, (...)
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  8.  11
    Liquidity Hoarding in Financial Networks: The Role of Structural Uncertainty.Stojan Davidovic, Amit Kothiyal, Mirta Galesic, Konstantinos Katsikopoulos & Nimalan Arinaminpathy - 2019 - Complexity 2019:1-16.
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  9.  4
    All Policies Are Wrong, but Some Are Useful—and Which Ones Do No Harm?Mario Brito, Maxwell Chipulu, Ian G. Dawson, Yaniv Hanoch & Konstantinos V. Katsikopoulos - 2021 - Mind and Society 20 (1):119-122.
    The five of us research and teach risk analysis with an eye towards decision support. Our work has been dedicated to taming risks and helping to make challenging decisions. But nothing had prepared us for the Covid-19 pandemic. We first had to grapple with the news coming from abroad, including, for some of us, our home countries. Then, some information and research, but mostly opinions, started coming in from our academic community, and we felt the tensions. Finally, the UK went (...)
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