IDEAS home Printed from https://ideas.repec.org/p/mnh/spaper/2516.html
   My bibliography  Save this paper

Implications and ramifications of a sample-size approach to intuition

Author

Listed:
  • Fiedler, Klaus
  • Kareev, Yaakov

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.

Suggested Citation

  • Fiedler, Klaus & Kareev, Yaakov, 2007. "Implications and ramifications of a sample-size approach to intuition," Papers 07-52, Sonderforschungsbreich 504.
  • Handle: RePEc:mnh:spaper:2516
    as

    Download full text from publisher

    File URL: https://madoc.bib.uni-mannheim.de/2516/1/dp07_52.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Betsch, Cornelia, 2004. "Präferenz für Intuition und Deliberation (PID) : Inventar zur Erfassung von affekt- und kognitionsbasiertem Entscheiden," Papers 04-19, Sonderforschungsbreich 504.
    2. Fiedler, Klaus & Walther, Eva & Freytag, Peter & Plessner, Henning, 2002. "Judgment Biases in a Simulated Classroom--A Cognitive-Environmental Approach," Organizational Behavior and Human Decision Processes, Elsevier, vol. 88(1), pages 527-561, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fiedler, Klaus & Wöllert, Franz & Tauber, Benjamin & Hess, Philipp, 2013. "Applying sampling theories to attitude learning in a virtual school class environment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 122(2), pages 222-231.
    2. Fiedler, Klaus, 2007. "The ultimate sampling dilemma in experience-based decision making," Papers 07-51, Sonderforschungsbreich 504.
    3. Barrafrem, Kinga & Hausfeld, Jan, 2020. "Tracing risky decisions for oneself and others: The role of intuition and deliberation," Journal of Economic Psychology, Elsevier, vol. 77(C).
    4. Andreas Glöckner & Tilmann Betsch, 2008. "Modelling option and strategy choices with connectionist networks: Towards an integrative model of automatic and deliberate decision making," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3, pages 215-228, March.
    5. Holtfort, Thomas, 2011. "Intuition, Risikowahrnehmung und Investmententscheidungen: Behaviorale Einflussfaktoren auf das Risikoverhalten von privaten Anlegern," Arbeitspapiere der FOM 24, FOM Hochschule für Oekonomie & Management.
    6. Schunk, Daniel & Betsch, Cornelia, 2006. "Explaining heterogeneity in utility functions by individual differences in decision modes," Journal of Economic Psychology, Elsevier, vol. 27(3), pages 386-401, June.
    7. Hoffart, Janine Christin & Olschewski, Sebastian & Rieskamp, Jörg, 2019. "Reaching for the star ratings: A Bayesian-inspired account of how people use consumer ratings," Journal of Economic Psychology, Elsevier, vol. 72(C), pages 99-116.
    8. Fiedler, Klaus & Freytag, Peter & Meiser, Thorsten, 2008. "Pseudocontingencies: an integrative account of an intriguing cognitive illusion," Papers 08-36, Sonderforschungsbreich 504.
    9. repec:cup:judgdm:v:3:y:2008:i::p:215-228 is not listed on IDEAS
    10. repec:cup:judgdm:v:15:y:2020:i:4:p:561-571 is not listed on IDEAS
    11. Yaakov Kareev & Klaus Fiedler, 2004. "Does Decision Quality (Always) Increase with the Size of Information Samples? Some Vicissitudes in Applying the Law of Large Numbers," Discussion Paper Series dp347, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    12. repec:cup:judgdm:v:3:y:2008:i:7:p:547-569 is not listed on IDEAS
    13. Mandeep K. Dhami & Henrik Olsson, 2008. "Evolution of the interpersonal conflict paradigm," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 3(7), pages 547-569, October.
    14. Mojzisch, Andreas & Häusser, Jan Alexander & Leder, Johannes, 2020. "The effects of option generation on post-decisional regret in everyday life decision-making: A field experiment," Journal of Economic Psychology, Elsevier, vol. 81(C).
    15. Mariela E. Jaffé & Maria Douneva & Rainer Greifeneder, 2020. "Solve the dilemma by spinning a penny? On using random decision-making aids," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 15(4), pages 561-571, July.
    16. Unkelbach, Christian & Fiedler, Klaus & Freytag, Peter, 2007. "Information repetition in evaluative judgments: Easy to monitor, hard to control," Organizational Behavior and Human Decision Processes, Elsevier, vol. 103(1), pages 37-52, May.
    17. Grant Soosalu & Suzanne Henwood & Arun Deo, 2019. "Head, Heart, and Gut in Decision Making: Development of a Multiple Brain Preference Questionnaire," SAGE Open, , vol. 9(1), pages 21582440198, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mnh:spaper:2516. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Katharina Rautenberg (email available below). General contact details of provider: https://edirc.repec.org/data/sfmande.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.