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The Recognition Heuristic: A Review of Theory and Tests [PDF]
Frontiers in Psychology, 2011 The recognition heuristic is a prime example of how, by exploiting a match between mind and environment, a simple mental strategy can lead to efficient decision making.
Thorsten ePachur +4 more
doaj +14 more sources
The recognition heuristic: A decade of research [PDF]
Judgment and Decision Making, 2011 The recognition heuristic exploits the basic psychological capacity for recognition in order to make inferences about unknown quantities in the world.
Gerd Gigerenzer +4 more
doaj +7 more sources
The use of the recognition heuristic as an investment strategy in European stock markets [PDF]
Journal of Economics Finance and Administrative Science, 2017 Purpose - People often face constraints such as a lack of time or information in taking decisions, which leads them to use heuristics. In these situations, fast and frugal rules may be useful for making adaptive decisions with fewer resources, even if it
Júlio Lobão +2 more
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Recognising the recognition heuristic for what it is (and what it’s not) [PDF]
Judgment and Decision Making, 2011 The diversity, ingenuity and differences of opinion displayed in the articles of the recent special issues on the recognition heuristic are testament to the power and theoretical fertility of a simple idea about the role of recognition in decision making.
Ben R. Newell +3 more
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The limited value of precise tests of the recognition heuristic [PDF]
Judgment and Decision Making, 2011 The recognition heuristic models the adaptive use and dominant role of recognition knowledge in judgment under uncertainty. Of the several predictions that the heuristic makes, empirical tests have predominantly focused on the proposed noncompensatory ...
Thorsten Pachur +3 more
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Four challenges for cognitive research on the recognition heuristic and a call for a research strategy shift [PDF]
Judgment and Decision Making, 2011 The recognition heuristic assumes that people make inferences based on the output of recognition memory. While much work has been devoted to establishing the recognition heuristic as a viable description of how people make inferences, more work is needed
Tracy Tomlinson +5 more
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Threshold models of recognition and the recognition heuristic [PDF]
Judgment and Decision Making, 2011 According to the recognition heuristic (RH) theory, decisions follow the recognition principle: Given a high validity of the recognition cue, people should prefer recognized choice options compared to unrecognized ones.
Edgar Erdfelder +5 more
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The wisdom of ignorant crowds: Predicting sport outcomes by mere recognition [PDF]
Judgment and Decision Making, 2011 The collective recognition heuristic is a simple forecasting heuristic that bets on the fact that people’s recognition knowledge of names is a proxy for their competitiveness: In sports, it predicts that the better-known team or player wins a game.
Stefan M. Herzog +4 more
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Effects of ignorance and information on judgments and decisions [PDF]
Judgment and Decision Making, 2011 We compared Turkish and English students’ soccer forecasting for English soccer matches. Although the Turkish students knew very little about English soccer, they selected teams on the basis of familiarity with the team (or its identified city); their ...
Peter Ayton +5 more
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Less-is-more effects without the recognition heuristic [PDF]
Judgment and Decision Making, 2010 Inferences consistent with “recognition-based” decision-making may be drawn for various reasons other than recognition alone. We demonstrate that, for 2-alternative forced-choice decision tasks, less-is-more effects (reduced performance with additional ...
C. Philip Beaman +6 more
doaj +2 more sources