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Implications and Ramifications of a Sample-Size Approach to Intuition

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Author Info
Fiedler, Klaus () (Sonderforschungsbereich 504/ Universität Heidelberg)
Kareev, Yaakov (Hebrew University Jerusalem)
Abstract

[...from the chapter] In the present article, we delineate a different approach, which is by no means inconsistent, but largely overlaps with the aforementioned definitions. However, our approach is simpler and refrains from a number of rather strong assumptions to which other conceptions subscribe. Using a simple and straightforward criterion, we define intuition in terms of the size of the sample used in reaching a decision: Judgments and decisions are intuitive to the extent that they rest on small samples.

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Paper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 07-52.

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Length: 39 pages
Date of creation: 10 Jul 2007
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Handle: RePEc:xrs:sfbmaa:07-52

Note: The present work was supported by several grants from the Deutsche Forschungsgemeinschaft (DFG). The ideas underlying this article were created during Yaakov Kareev
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  1. Thuijsman, F. & Peleg, B. & Amitai, M. & Shmida, A., 1993. "Automata, Matching and Foraging Behavior of Bees," Papers 9378, Tilburg - Center for Economic Research.
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