Are We Rational Beings or Not?
How is a rational decision made? Rational models of cognition typically consider the abstract computational problems posed by the environment, assuming that people are capable of optimally solving those problems. A basic challenge for rational models is thus explaining how optimal solutions can be approximated by psychological processes. Psychologists Sanborn, Griffiths, and Navarro outline a general strategy for answering this question, namely to explore the psychological plausibility of approximation algorithms developed in computer science and statistics.
Source: Psychological Review, Vol 117(4), Oct 2010, 1144-1167
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