{"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/"}]}