For faster and better decisions, a biased and less-informed mind

Can a biased mind, with fewer inputs, make faster and better decisions? Apparently, this premise, flying in the face of conventional logical thinking, is possible, and there were real life examples indicating so. At a recently held Behavioural Sciences Forum at Singapore Management University, Gerd...

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Main Author: Knowledge@SMU
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Language:English
Published: Institutional Knowledge at Singapore Management University 2011
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Online Access:https://ink.library.smu.edu.sg/ksmu/366
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1365&context=ksmu
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spelling sg-smu-ink.ksmu-13652018-07-09T04:51:18Z For faster and better decisions, a biased and less-informed mind Knowledge@SMU Can a biased mind, with fewer inputs, make faster and better decisions? Apparently, this premise, flying in the face of conventional logical thinking, is possible, and there were real life examples indicating so. At a recently held Behavioural Sciences Forum at Singapore Management University, Gerd Gigerenzer of Berlin’s Max Planck Institute, explained how heuristics, which directs focus to areas that matter and blocks off non-essential noise, factors in the decision-making process. 2011-05-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/ksmu/366 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1365&context=ksmu http://creativecommons.org/licenses/by-nc-nd/4.0/ Knowledge@SMU eng Institutional Knowledge at Singapore Management University Business Strategic Management Policy
institution Singapore Management University
building SMU Libraries
country Singapore
collection InK@SMU
language English
topic Business
Strategic Management Policy
spellingShingle Business
Strategic Management Policy
Knowledge@SMU
For faster and better decisions, a biased and less-informed mind
description Can a biased mind, with fewer inputs, make faster and better decisions? Apparently, this premise, flying in the face of conventional logical thinking, is possible, and there were real life examples indicating so. At a recently held Behavioural Sciences Forum at Singapore Management University, Gerd Gigerenzer of Berlin’s Max Planck Institute, explained how heuristics, which directs focus to areas that matter and blocks off non-essential noise, factors in the decision-making process.
format text
author Knowledge@SMU
author_facet Knowledge@SMU
author_sort Knowledge@SMU
title For faster and better decisions, a biased and less-informed mind
title_short For faster and better decisions, a biased and less-informed mind
title_full For faster and better decisions, a biased and less-informed mind
title_fullStr For faster and better decisions, a biased and less-informed mind
title_full_unstemmed For faster and better decisions, a biased and less-informed mind
title_sort for faster and better decisions, a biased and less-informed mind
publisher Institutional Knowledge at Singapore Management University
publishDate 2011
url https://ink.library.smu.edu.sg/ksmu/366
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1365&context=ksmu
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