The rules we choose by.
Hutchinson & Gigerenzer's functional approach to decision making has much in common with behavioral approaches. One of their central points is that "rules-of-thumb" often provide efficient decision strategies, use of which is both rational and generally optimal. We agree, but also caution that the misapplication of rules sometimes leads to non-optimal decisions.
Stolarz-Fantino
Stephanie
S
Department of Psychology, University of California San Diego, La Jolla, CA 92093-0109, USA.
Fantino
Edmund
E
D000465:Algorithms; D003657:Decision Making; D006801:Humans; D008960:Models, Psychological; D011340:Problem Solving