On the descriptive validity and prescriptive utility of fast and frugal models.
Behavioral and Brain Sciences
753 - 754.
Available under License : See the attached licence file.
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.”
|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|
|Additional information:||© 2000 Cambridge University Press|
|UCL classification:||UCL > School of Life and Medical Sciences
UCL > School of Life and Medical Sciences > Faculty of Brain Sciences
UCL > School of Life and Medical Sciences > Faculty of Brain Sciences > Psychology and Language Sciences (Division of) > Experimental Psychology
UCL > School of Life and Medical Sciences > Faculty of Life Sciences
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