« A Model of Reference-Dependent Preferences | Main | Why do people choose to work alone or on teams? Which has better outcomes? »

August 24, 2004

Fame at last

FAST AND FRUGAL IN THE NEW YORKER

current_cover.jpg

The catchiest of the concepts I've coined, "fast and frugal reasoning", has made the New Yorker!

The Unpolitical Animal by Louis Menand

The author doesn't use it quite correctly, but one can't ask for everything I suppose. The fast and frugal heuristics I came up with do reason well in real-world environments.

I came up with the term in 1994 or so, it first appeared in print here: Gigerenzer, G. & Goldstein, D. G. (1996). Reasoning the fast and frugal way: Models of bounded rationality. Psychological Review, 103, 650-669.

Posted by dggoldst at August 24, 2004 03:06 PM