Decision making styles and the use of heuristics in decision making
Abstract
Simple heuristics can be efficient ways of decision making and literature has shown that they are widely used in actual decision situations. Although many types of heuristics have been found and analyzed, there is only scarce research on factors that lead to the use of a particular heuristic. In the present paper, we describe an experiment to analyze whether the usage of a particular heuristic like recognition or take-the-best depends on...
Paper Details
Title
Decision making styles and the use of heuristics in decision making
Published Date
Mar 22, 2016
Volume
86
Issue
4
Pages
389 - 412
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