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{ "pk": 32234, "title": "Rationality the Fast and Frugal Way", "subtitle": null, "abstract": "In a major theoretical paper, Gigerenzer and Goldstein (1996a) argue that classical rationality should be rejected as a norm of good reasoning, and that this thesis undermines both rational models of human thought and the alternative heuristics-and-biases program. They illustrate their argument by proposing that a specific cognitive estimation problem may be carried out by the \"Take the Best\" algorithm, which is \"fast and frugal,\" but not rational. We argue: (1) that \"fast and frugal\" cognitive algorithms may approximate rational norms, and only in this way can their success be explained; and (2) that new computer simulations, and considerations of speed and generality, suggest that other algorithms are at least as psychologically plausible as Take the Best.", "language": "eng", "license": { "name": "", "short_name": "", "text": null, "url": "" }, "keywords": [], "section": "Long Papers", "is_remote": true, "remote_url": "https://escholarship.org/uc/item/0nj6t8r0", "frozenauthors": [ { "first_name": "Nick", "middle_name": "", "last_name": "Chater", "name_suffix": "", "institution": "School of Psychology, University of Wales Cardiff", "department": "" }, { "first_name": "Martin", "middle_name": "", "last_name": "Redington", "name_suffix": "", "institution": "Department of Psychology, The Chinese University of Hong Kong", "department": "" }, { "first_name": "Ramin", "middle_name": "", "last_name": "Nakisa", "name_suffix": "", "institution": "Department of Psychology, The Chinese University of Hong Kong", "department": "" }, { "first_name": "Mike", "middle_name": "", "last_name": "Oaksford", "name_suffix": "", "institution": "Aritificial Intelligence Laboratory, University of Michigan", "department": "" } ], "date_submitted": null, "date_accepted": null, "date_published": "1997-01-01T18:00:00Z", "render_galley": null, "galleys": [ { "label": "PDF", "type": "pdf", "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/32234/galley/23299/download/" } ] }