``Take-the-best and other simple strategies: why and when they work ``well with binary cues

DOI10.1007/s11238-006-9000-8zbMath1101.91315OpenAlexW2122716322WikidataQ64387006 ScholiaQ64387006MaRDI QIDQ857658

Robin M. Hogarth, Natalia Karelaia

Publication date: 20 December 2006

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-006-9000-8

zbMATH Keywords

decision makingbounded rationalityequal weightinglexicographic rulestake-the-best

Mathematics Subject Classification ID

Decision theory (91B06) Cognitive psychology (91E10)

Related Items (10)

``Take-the-best and other simple strategies: why and when they work ``well with binary cues ⋮ Tight upper bounds for the expected loss of lexicographic heuristics in binary multi-attribute choice ⋮ A geometric analysis of when fixed weighting schemes will outperform ordinary least squares ⋮ One-reason decision-making: modeling violations of expected utility theory ⋮ Compatibility effects in the prescriptive application of psychological heuristics: inhibition, integration and selection ⋮ Ignoring information in binary choice with continuous variables: When is less ``more? ⋮ The ecological rationality of simple group heuristics: Effects of group member strategies on decision accuracy ⋮ Why Do Simple Heuristics Perform Well in Choices with Binary Attributes? ⋮ Categorization with limited resources: A family of simple heuristics ⋮ Meta-inductive prediction based on attractivity weighting: mathematical and empirical performance evaluation

Cites Work

• ``Take-the-best and other simple strategies: why and when they work ``well with binary cues
• Fast, frugal, and fit: simple heuristics for paired comparison
• Ignoring information in binary choice with continuous variables: When is less ``more?

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