Taming Uncertainty

Ralph Hertwig

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Language: English

Published by MIT Press Ltd Aug 2019, 2019

0262039877 / 9780262039871

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Neuware - An examination of the cognitive tools that the mind uses to grapple with uncertainty in the real world.How do humans navigate uncertainty, continuously making near-effortless decisions and predictions even under conditions of imperfect knowledge, high complexity, and extreme time pressure Taming Uncertainty argues that the human mind has developed tools to grapple with uncertainty. Unlike much previous scholarship in psychology and economics, this approach is rooted in what is known about what real minds can do. Rather than reducing the human response to uncertainty to an act of juggling probabilities, the authors propose that the human cognitive system has specific tools for dealing with different forms of uncertainty. They identify three types of tools: simple heuristics, tools for information search, and tools for harnessing the wisdom of others. This set of strategies for making predictions, inferences, and decisions constitute the mind's adaptive toolbox.The authors show how these three dimensions of human decision making are integrated and they argue that the toolbox, its cognitive foundation, and the environment are in constant flux and subject to developmental change. They demonstrate that each cognitive tool can be analyzed through the concept of ecological rationalitythat is, the fit between specific tools and specific environments. Chapters deal with such specific instances of decision making as food choice architecture, intertemporal choice, financial uncertainty, pedestrian navigation, and adolescent behavior.

Seller Inventory # 9780262039871

Title
Taming Uncertainty
Author
Ralph Hertwig
Publisher
MIT Press Ltd Aug 2019
Publication year
2019
Condition
Neu
Binding
Buch
Language
English
ISBN 10
0262039877
ISBN 13
9780262039871
Item weight
778 grams
Dimensions
236x156x30 mm

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