Abstract
Humans make “rational” decisions in different ways. One is according to a plan that optimizes some consequence of the decision. Such a decision-making strategy is normative, leading to a behavior appropriate for achieving some desired goal. Another way is to use a heuristic or rule based approach that guides behavior on the basis of simpler criteria than those characterized by an “optimal” result. For example, optimal strategies for obtaining wealth from the stock market or the race track are sufficiently subtle that few have found them. On the other hand, “rules of thumb” are many, and perhaps almost as much money is made from the sale of such rules as from their application. In fact, people often apply such rules in the face of objective evidence that they are in fact not optimal.
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Gottlieb, G.L., Corcos, D.M., Agarwal, G.C., Latash, M.L. (1990). Principles Underlying Single-Joint Movement Strategies. In: Winters, J.M., Woo, S.LY. (eds) Multiple Muscle Systems. Springer, New York, NY. https://doi.org/10.1007/978-1-4613-9030-5_14
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DOI: https://doi.org/10.1007/978-1-4613-9030-5_14
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