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Gerd Gigerenzer
3 quotes
“One is forced to assume that ordinary people have the computational capabilities and statistical software of econometricians.”
Gerd Gigerenzer (born 1947) first seen 2001 wikiquote, CC BY-SA 4.0 source
Recorded in: Gerd Gigerenzer and Reinhard Selten (2001), Bounded Rationality. The Adaptive Toolbox, Cambridge, Massachusetts.
“Risk-savvy citizens are indispensable pillars of a society that is ready for positive liberty.”
Gerd Gigerenzer (born 1947) first seen 2014 wikiquote, CC BY-SA 4.0 source
Recorded in: Risk Savvy: How to Make Good Decisions (2014), Ch. 1 : Are People Stupid?
“The classical support for as-if models in the social sciences stems from the economist Milton Friedman (1953), who, like the psychologist B. F. Skinner, saw little value in modeling cognitive processes. In contrast, our aim is to understand actual decision processes, not only the outcomes. There is a good reason for this. Without modeling the cognitive blade of Simon's scissors, it is utterly impossible to determine in what environments heuristics succeed, that is, their ecological rationality.”
Gerd Gigerenzer (born 1947) first seen 2015 wikiquote, CC BY-SA 4.0 source
Recorded in: Gerd Gigerenzer, Ralph Hertwig, and Thorsten Pachur, Heuristics: The Foundations of Adaptive Behavior, 2015.