Smart heuristics for individuals, teams, and organizations

• Main Authors: GIGERENZER, Gerd, REB, Jochen, LUAN, Shenghua
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: heuristics; adaptive toolbox; strategic decision making; leadership; personnel selection; less-is-more; Human Resources Management; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6945; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7944/viewcontent/annurev_orgpsych_012420_090506.pdf
• Institution: Singapore Management University

Heuristics are fast, frugal, and accurate strategies that enable rather than limit decision making under uncertainty. Uncertainty, as opposed to calculable risk, is characteristic of most organizational contexts. We review existing research and offer a descriptive and prescriptive theoretical framew...