Hindsight bias: A price worth paying for fast and frugal memory (1999)
Authors
Abstract
Focuses on the constraints of limited capacity of human memory and the hindsight bias. A computational model for this effect based on a fast and frugal heuristic is proposed. The authors argue that hindsight bias is a by-product of 2 generally adapted processes: updating knowledge after receiving new information and drawing fast and frugal inferences from this updated knowledge. Before specifying the model, the authors illustrate hindsight bias by exploring a topic that concerns public polling and electoral outcomes.
Bibliographic entry
Hoffrage, U., & Hertwig, R. (1999). Hindsight bias: A price worth paying for fast and frugal memory. In G. Gigerenzer, P. M. Todd, & the ABC Research Group., Simple heuristics that make us smart (pp. 191-208). New York: Oxford University Press.
Miscellaneous
| Publication year | 1999 | |
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| Document type: | In book | |
| Publication status: | Published | |
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