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Stručni rad

https://doi.org/10.5559/di.22.2.05

Two Paradigms Explaining Cognitive Bias in Decision-Making: "Behavioral Economics" and "Ecological Rationality"

Darko POLŠEK orcid id orcid.org/0000-0002-2142-4756 ; Filozofski fakultet ZagrebIvana Lučića 3
Marko BOKULIĆ ; Sveučilište u Regensburgu


Puni tekst: hrvatski pdf 203 Kb

str. 303-323

preuzimanja: 2.597

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Sažetak

In this paper the authors review a variety of empirical findings, research directions and tenets of two paradigms in heuristics and bias research: of behavioral economics (following Kahneman and Tversky's findings), and of the "less-is-more", i.e. ecological rationality research (which follows findings by G. Gigerenzer). While explaining empirical research in behavioral economics (BE), the authors describe a "classical economic" model of rationality, the rational choice theory, which is contradicted by results in behavioral economics. BE researchers use rational choice theory as a norm, so their findings are typically explained or documented by "insufficient adjustment" to, or by a bias from the rational norm. The second paradigm, however typically documents "sufficiently good" decisions made while using "simple, frugal and smart" heuristics, such as "take-the- -best". It claims that "irrationality" in decision-making stems from the inappropriate application of the given heuristics in ecologically unsuitable situations.

Ključne riječi

Behavioral economics, heuristics, bias, fast-and-frugal heuristics, Kahneman, Tversky, Gigerenzer

Hrčak ID:

105464

URI

https://hrcak.srce.hr/105464

Podaci na drugim jezicima: hrvatski

Posjeta: 4.207 *