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SCP 2005 WINTER CONFERENCE The Upcoming Society for Consumer Psychology SCP winter conference will be held from Thursday February 24th to Monday the 28th 2005 at the TradeWinds Island Grand Resort in St. Pete Beach, Florida. “The Society for Consumer Psychology represents the interests of behavioral scientists in the fields of psychology, marketing, advertising, communication, […]
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BOUNDED RATIONALITY: THE ADAPTIVE TOOLBOX by Gerd Gigerenzer and Rienhard Selten. How do real people make decisions in an uncertain world? In the book Bounded rationality: The adaptive tool box, Gigerenzer and Selten (et al.) investigate the constraints of limited information and time upon human logic and reasoning in the decision making process. The authors […]
DECISIONS FROM EXPERIENCE AND THE EFECTS OF RARE EVENTS IN RISKY CHOICE Studies of risky choice almost always examaine decisions made from descriptive sources of information, for example pie charts and frequency distributions. Nonetheless, people in the real world usually make decisions without descriptions and rely on personal experience. The studies described here indicate a […]