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In short, we welcome fast and frugal models because they make us re-think the dimensions of human judgment.
Because water was the energy source powering the mines, it needed to be conserved, redistributed, and managed in an orderly and frugal manner.
This commentary explores just how we should interpret this proposed replacement of logic and probability theory by fast and frugal heuristics.
We do not know whether humans are successful when being fast and frugal.
She should be a skilful and diligent household manager, responsible for methodical organization, cleanliness, tidiness and frugal budgeting.
The combination of conceptual analysis, simulation, and experimentation has deepened our understanding of fast and frugal heuristics.
Stimulus-driven indexing creates pointers that support fast and frugal cognition.
Why should the prevalence of fast and frugal heuristics have any implications at all for the normative theories of logic and probability theory?
People in this position might be living a frugal lifestyle in order to preserve their housing assets.
We consider fast and frugal heuristics to represent bounded rationality in its purest form.
What is the evidence for fast and frugal heuristics?
This challenges the argument that fast and frugal models are more frugal than regression models, at least in terms of the number of cues searched.
The first challenge is to explore fast and frugal heuristics for solving tasks beyond those we considered so far.
Following our bounded rationality perspective, a fast and frugal mind need not employ a metalevel demon who makes optimal cost-benefit computations when selecting a heuristic.
Asking at most three yes/no questions is a fast and frugal strategy for making a decision.
