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Simple Minds, Smart Choices

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Visit this site: http://www.sciencenews.org/sn_arc99/5_29_99/bob2.htm

Author:Bruce Bower - Science News Online
Description: The Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development in Berlin has launched a project to explore the impact of bounded rationality on human judgment. The group focuses on what it calls "fast and frugal" formulas for decision making, guidelines that not only work with limited knowledge about the task and environment at hand but actually benefit from partial ignorance, as opposed to using statistical methods that analyze all available information.

Levels: High School (9-12), College
Languages: English
Resource Types: Articles
Math Topics: Number Sense/About Numbers, Optimization, Statistics, Animal Biology, Human Biology, Sports

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