Simple Heuristics That Make Us Smart | 
| Authors: Gerd Gigerenzer, Peter M. Todd, Abc Research Group Publisher: Oxford University Press, USA Category: Book
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Media: Paperback Edition: 1 Number Of Items: 1 Pages: 416 Shipping Weight (lbs): 1.1 Dimensions (in): 9.1 x 6.2 x 1.2
ISBN: 0195143817 Dewey Decimal Number: 153 EAN: 9780195143812 ASIN: 0195143817
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Product Description Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is about fast and frugal heuristics--simple rules for making decisions when time is pressing and deep thought an unaffordable luxury. These heuristics can enable both living organisms and artificial systems to make smart choices, classifications, and predictions by employing bounded rationality. But when and how can such fast and frugal heuristics work? Can judgments based simply on one good reason be as accurate as those based on many reasons? Could less knowledge even lead to systematically better predictions than more knowledge? Simple Heuristics explores these questions, developing computational models of heuristics and testing them through experiments and analyses. It shows how fast and frugal heuristics can produce adaptive decisions in situations as varied as choosing a mate, dividing resources among offspring, predicting high school drop out rates, and playing the stock market. As an interdisciplinary work that is both useful and engaging, this book will appeal to a wide audience. It is ideal for researchers in cognitive psychology, evolutionary psychology, and cognitive science, as well as in economics and artificial intelligence. It will also inspire anyone interested in simply making good decisions.
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| Customer Reviews: Read 1 more reviews...
Worthwhile Insight into Mental Shortcuts October 14, 2005 11 out of 11 found this review helpful
People aren't computers. Human beings live in a real world of scarcity and constraint. Even though time and information may be scarce, human beings must make high-stakes decisions. Probability and logic offer models for the thought process of choosing between alternatives, but decision makers often do not have enough hours, data and skill to use these sophisticated approaches. Fortunately, some rough and ready cognitive shortcuts perform as well as or better than the most elaborately sophisticated models - at least in the real world context of limited information and time. Working with the ABC Research Group, authors Gerd Gigerenzer and Peter M. Todd explore some of those shortcuts, called "heuristics." They discuss in length and depth a series of experiments that demonstrate the value of heuristics. This is not light reading. It requires a level of comfort with academic style, mathematics and symbolic logic. Readers unfamiliar with cognition literature may find it a struggle - but we believes that those who persevere will find enough new insight to make the effort worthwhile.
Gigerenzer's clearest text - very inspiring. September 19, 2005 14 out of 15 found this review helpful
Gerd Gigerenzer is probably THE guru in heuristics - the art of picking a few shorthand rules to help us make complex decisions - but I found other works of his (Adaptive Thinking, Bounded Rationality) pretty dry going. By contrast this volume - a collection of stimulating, sometimes provocative essays by members of the ABC Research group (the centrer for Adaptive Behavior and Cognition) explores many facets of Heuristics and even puts heuristics to the test against other more computationally complex techniques to pick the outcomes for several complicated problems. Time and again, the simple rules of thumb out-perform the grindingly thorough statistical routines. For anyone researching human behaviour, the implicit challenge is to stop asking huge batteries of questions - and to look instead for the little telltale rules by which people navigate their complicated environments.
I'd say that if you were just starting to look at heuristics, then this this volume of essays would be a good starting point. Even if you skip the super-technical pieces, there's plenty of thought provoking material written in a lively, unexpectedly "human" style.
Well, i liked it anyway December 29, 2003 46 out of 47 found this review helpful
Whether you like a book depends on what information you're looking for. i make computer models of human behavior so this book, which is easy to read but filled with concrete solutions and lots of supporting dat, was near-perfect for meAs a note, i'm picky when it comes both to writing and thinking. And i hate most books written by academics. Even the ones with good information (eg, Fodor's Modularity) are hard to read and filled with confusing, field-specific words. Not this book. It's really well written. Written in plain English, very few assumptions, very thorough analysis, lots of self-criticism, lots and lots of data (OK, that part is boring and can be skipped, but it's comforting to know it's there) What's it about? Common AI, psych and economic decision and learning algorithms (decision trees, neural nets, Bayes, multiple linear regression, etc.) are compared to several absurdly simple algorithms the authors believe real humans use. The various approaches are compared and evaluated on the basis of performance, accuracy on training data, accuracy on test data (generalization) and amount of input data required. Tests are on the standard UC Irvine data learning test sets. Comparisions, outcome explanations and relevance to the human mind and the real world are provided. Explanations and analysises are easy to understand and pretty convincing i've decided to use a lot of what was in this book in my software, things that have made my agents more natural and easier to implement. i absolutely love this book
Great book about cognitive pitfalls July 19, 2003 14 out of 16 found this review helpful
It's really meant for a technical audience since this stuff is so cutting edge, but you shouldn't wait till the results appear in Time magazine. The experiments and writing are very easy to understand, very clear. And you will be amazed by the simple ways in which our brain takes shortcuts in reasoning -- both making it stupid and making it smart. Be careful next time you try to reason using probabilities, you're better off using frequency. My own background is in philosophy, where this type of work has been very important in undermining the assumption that humans are rational. We aren't. You should probably read Kahnemann and Tversky's books before coming to this though, since this work adds an interesting spin to the old irrationality debate: maybe some of it is GOOD for us!
Statistical, Mathematical, Academic January 21, 2002 91 out of 97 found this review helpful
As someone interested in the practice and theory of decision making, I came upon this book via a number of "listmania" lists that reccomend it. The first few chapters got me excited about the subject matter. The authors promised to present a new model for decision making, one that was simple, and one that works.The ensuing pages compare several theoretical models, such as Multiple Linear Regression and Dawes Rule to their own Take the First and Take the Best models. Most of the tests were simulated on a computer. You would feed each decision making model into the computer, and then feed in various data for it to make decisions on. One popular test is "Which is the most populated German City." The computer had data on various German Cities with populations over 100,000. It also had several indicators, such as whether it has a soccer team, or a rail system, or is a state capital. The system would present two cities, with the indicators, and the decision making model would figure out which was the most populous one. Right now I'm in a chapter called "Bayesian Benchmarks for Fast and Frugal Heuristics." It's about halfway through the book, and I'm not sure I'll finish. While the second half sounds interesting, this book is highly academic and the authors are concerned with presenting proofs for everything they say, in detail. Sort of like a victorian novel that starts of by telling you what it's going to tell you, and then tells you several times. I may skim it because I do find the subject matter intereting. I certainly don't regret buying this book, having mathematical models for decision making is certainly handy (as someone interested in AI), but I wouldn't call it light reading, nor would I reccomend it to a manager interested in the decision making process. I found much more interesting "Sources of Power" by Gary Klein. Indeed, I consider Sources of Power to be one of the most informative and most entertaining books I've ever read, and wish more like it existed. In summation, I found this book to be highly academic and theoretical. If you are a human being interested in the decision making process as it is carried out by humans, I reccomend the more hands-on Sources of Power by Gary Klein. If you are interested in simple, statistical models for decision making (the kind you can teach a computer), then pick up this book.
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