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  1.  71
    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.  31
    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.  40
    The use of recognition in group decision‐making.Torsten Reimer & Konstantinos V. Katsikopoulos - 2004 - Cognitive Science 28 (6):1009-1029.
    Goldstein and Gigerenzer (2002) [Models of ecological rationality: The recognition heuristic. Psychological Review, 109 (1), 75–90] found evidence for the use of the recognition heuristic. For example, if an individual recognizes only one of two cities, they tend to infer that the recognized city has a larger population. A prediction that follows is that of the less‐is‐more effect: Recognizing fewer cities leads, under certain conditions, to more accurate inferences than recognizing more cities. We extend the recognition heuristic to group decision‐making (...)
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  4.  41
    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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  5.  16
    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 - 2020 - 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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