Gerd Gigerenzer opines that decision theorists have not really adhered to Simon's original ideas.
Alternatively, critics of Kahneman and Tversky such as Gerd Gigerenzer argue that heuristics should not lead us to conceive of human thinking as riddled with irrational cognitive biases, but rather to conceive rationality as an adaptive tool that is not identical to the rules of formal logic or the probability calculus.
#Center for Adaptive Behavior and Cognition (Managing Director: Gerd Gigerenzer)
Gerd Müller | Gerd Albrecht | Gerd Gigerenzer | Gerd Dudek | Gerd Kanter | Gerd Heidemann | Gerd Theissen | Gerd R. Puin | Gerd Muller | Gerd Heinrich | Gerd Binnig | Gerd B. Achenbach | Gerd Achgelis | Gerd Ruge | Gerd Puritz | Gerd Oswald | Gerd-Liv Valla | Gerd Leers | Gerd Kristiansen | Gerd Hurm | Gerd Bucerius | Gerd Arntz | Gerd |
Independently of Gerd Gigerenzer, Vernon Smith has developed his own account of ecological rationality.
Gerd Gigerenzer and Daniel Goldstein discovered that the heuristic did surprisingly well at making accurate inferences in real-world environments, such as inferring which of two cities is larger.