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On the descriptive validity and prescriptive utility of fast and frugal models

Harries, C; Dhami, MK; (2000) On the descriptive validity and prescriptive utility of fast and frugal models. Behavioral and Brain Sciences , 23 (5) 753 - 754. 10.1017/S0140525X00353444. Green open access

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Abstract

Simple heuristics and regression models make different assumptions about behaviour. Both the environment and judgment can be described as fast and frugal. We do not know whether humans are successful when being fast and frugal. We must assess both global accuracy and the costs of Type I and II errors. These may be “smart heuristics that make researchers look simple.”

Type:Article
Title:On the descriptive validity and prescriptive utility of fast and frugal models
Open access status:An open access version is available from UCL Discovery
DOI:10.1017/S0140525X00353444
Publisher version:http://dx.doi.org/10.1017/S0140525X00353444
Language:English
Additional information:© 2000 Cambridge University Press
UCL classification:UCL > School of Life and Medical Sciences > Faculty of Brain Sciences > Psychology and Language Sciences (Division of) > Cognitive, Perceptual and Brain Sciences
UCL > School of Life and Medical Sciences > Faculty of Life Sciences

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