The quest for non‐Bayesian decision‐making heuristics: Towards a logic of imagination

Hatchuel, Armand

doi:10.1111/emre.12625

Cited by 2 publications

(1 citation statement)

References 33 publications

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“…In placing this article in a management journal, we aspire to contribute to, integrate and eventually achieve conceptual clarity in research on heuristics in management and other business-contexts (see also Hatchuel, 2023). In those contexts, both qualitative and quantitative heuristics are studied (e.g.…”

Section: Heuristics In Managementmentioning

confidence: 99%

Simon’s scissors: meta-heuristics for decision-makers

Marewski,

Katsikopoulos,

Guercini

2024

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PurposeAre there smart ways to find heuristics? What are the common principles behind heuristics? We propose an integrative definition of heuristics, based on insights that apply to all heuristics, and put forward meta-heuristics for discovering heuristics.Design/methodology/approachWe employ Herbert Simon’s metaphor that human behavior is shaped by the scissors of the mind and its environment. We present heuristics from different domains and multiple sources, including scholarly literature, practitioner-reports and ancient texts.FindingsHeuristics are simple, actionable principles for behavior that can take different forms, including that of computational algorithms and qualitative rules-of-thumb, cast into proverbs or folk-wisdom. We introduce heuristics for tasks ranging from management to writing and warfare. We report 13 meta-heuristics for discovering new heuristics and identify four principles behind them and all other heuristics: Those principles concern the (1) plurality, (2) correspondence, (3) connectedness of heuristics and environments and (4) the interdisciplinary nature of the scissors’ blades with respect to research fields and methodology.Originality/valueWe take a fresh look at Simon’s scissors-metaphor and employ it to derive an integrative perspective that includes a study of meta-heuristics.

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Section: Heuristics In Managementmentioning

confidence: 99%

Simon’s scissors: meta-heuristics for decision-makers

Marewski,

Katsikopoulos,

Guercini

2024

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Judgment under radical uncertainty: Epistemic rational heuristics

Grandori

2023

European Management Review

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The special issue “Expanding the boundaries of rationality: Towards new models of decision making for radical uncertainty” addresses the challenge of developing logically sound models of decision making for conditions of uncertainty evading those manageable by established decision making approaches. This editorial characterizes the sought new models and approach as constructivist in nature but neither deductive nor Bayesian in logic: a set of epistemic rationality models for discovering new problems and solutions (“found” either in the real or the artificial world, i.e., either detected or designed) that extend the available bounded rationality models. This editorial offers a map of this territory, positioning the new heuristics identified in this collection of articles in a more general picture of heuristic methods qualifyable as fit to radical uncertainty.

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The quest for non‐Bayesian decision‐making heuristics: Towards a logic of imagination

Cited by 2 publications

References 33 publications

Simon’s scissors: meta-heuristics for decision-makers

Simon’s scissors: meta-heuristics for decision-makers

Judgment under radical uncertainty: Epistemic rational heuristics

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