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I agree with the basic tenants of this article. Yes it was true, that k&t were moving the model into the 'economic sphere'. But I think you cannot overstate t
by guimarin 15y ago
I agree with the basic tenants of this article. Yes it was true, that k&t were moving the model into the 'economic sphere'. But I think you cannot overstate the importance of this. Behavioral finance/economics coming back into cog. psych. and cog. neuro. is absolutely earth-shattering. the money dictated the research and now that research is FINALLY being applied back into where it belongs. I can't wait for these ideas, and those of choice designers/specialists/researchers to make it into 'machine learning' and 'weak ai'. If ever there was a subject that was full of shit from the beginning with regards to how people actually think, and needs to be re-architected from the ground up. Also, someone needs to start listening to other Princeton Researchers like Eldar Shafir on these topics as well.
- disgruntledphd2 15y agoIt actually has made it into machine learning. See the works of Gigerenzer on heuristic decision making, where he shows that simple heuristics outperform complex statistical models unless the amount of data is really large. It blew my mind when I saw it, and a good paper to start with is here: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.130.7949&rep=rep1&type=pdf http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.130... That being said, almost anything Gigerenzer has written in the last five years is extremely relevant to this topic.
- Confusion 15y agoYou mean tenets intead of tenants