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How good are fast and frugal inference heuristics in case of limited knowledge?
Published online by Cambridge University Press: 09 April 2001
Abstract
Gigerenzer and his collaborators have shown that the Take the Best heuristic (TTB) approximates optimal decision behavior for many inference problems. We studied the effect of incomplete cue knowledge on the quality of this approximation. Bayesian algorithms clearly outperformed TTB in case of partial cue knowledge, especially when the validity of the recognition cue is assumed to be low.
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- © 2000 Cambridge University Press