The Internet has evolved into a ubiquitous and indispensable digital environment in which
people communicate, seek information, and make decisions. Despite offering various …

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 …

If citizens' behavior threatens to harm others or seems not to be in their own interest (eg,
risking severe head injuries by riding a motorcycle without a helmet), it is not uncommon for …

In the management literature, heuristics are often conceived of as a source of systematic
error, whereas logic and statistics are regarded as the sine qua non of good decision …

Statistical illiteracy can have an enormously negative impact on decision making. This
volume of collected papers brings together applied and theoretical research on risks and …

Highlights•Fast-and-frugal heuristics are useful in situations of uncertainty, while
optimization is designed for situations or risk.•The study of the adaptive toolbox is …

We deal with risk versus uncertainty, a distinction that is of fundamental importance for
cognitive neuroscience yet largely neglected. In a world of risk (“small world”), all …

Fast-and-frugal trees (FFTs) are simple algorithms that facilitate efficient and accurate
decisions based on limited information. But despite their successful use in many applied …

Distinguishing between risk and uncertainty, this article draws on the psychological literature
on heuristics to consider whether and when simpler approaches may outperform more …

Statistical approaches such as Reference Class Forecasting and Monte Carlo Simulation
are widely used to estimate the cost contingency of large-scale transport projects (> $500 …