Shortcuts are not always mistakes.
A simple rule can beat a complicated calculation when information is scarce. Ask where a shortcut works, not only where it fails.
Gerd Gigerenzer · the field's loudest internal critic
Behavioral economics studies how people actually make choices, and how habits, shortcuts, emotion, and limited attention can change what happens.
A simple rule can beat a complicated calculation when information is scarce. Ask where a shortcut works, not only where it fails.
Gerd Gigerenzer · the field's loudest internal critic
An individual fix—the i-frame—can help without replacing a structural fix—the s-frame. Good policy asks which level caused the problem.
Nick Chater & George Loewenstein · the i-frame and the s-frame