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        Chapter 18 The winds of change

        Proposal review

        The Sioux, Silicon Valley, society, and simple heuristics

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        Author(s)
        Marewski, Julian N.
        Hoffrage, Ulrich
        Language
        English
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        Abstract
        The ongoing process of digitalization seems to be changing our world dramatically. While many of these changes might lead to improvements for human well-being, others might entail profoundly disastrous consequences both for individuals and for societies as a whole. One research program that might be particularly suitable for studying environmental changes is the fast-and-frugal heuristics framework. This theoretical framework adopts an ecological perspective on human behavior, cognition, and performance. In an uncertain world, humans, so the argument goes, can adaptively respond to environmental demands by relying on a repertoire of simple decision strategies, called heuristics. Selecting heuristics that fit the environment results in adaptive behavior. This chapter focuses on the possible negative aspects of digitalization to discuss how the science of heuristic decision making under uncertainty might aid reflection on how individuals navigate their way through sudden, disruptive, and thorough environmental changes. Specifically, it sketches out what aversive future digital environments might look like, and which heuristics individuals and societies might rely upon in order to manage those aversive environments. The chapter concludes by (1) pointing to a series of research questions about how digital environments might differ from other environments that we humans have encountered both in our more recent history and over the course of our evolution, as well as (2) turning to questions about children and education.
        Book
        Routledge Handbook of Bounded Rationality
        URI
        https://library.oapen.org/handle/20.500.12657/52500
        Keywords
        digitalization; heterodox economics; heuristics framework; ecological perspectives on human behaviour; heuristics; economic uncertainty; environmental change; digital environments
        DOI
        10.4324/9781315658353-21
        ISBN
        9781315658353, 9781138999381, 9780367563943
        Publisher
        Taylor & Francis
        Publisher website
        https://taylorandfrancis.com/
        Publication date and place
        2021
        Grantor
        • Université de Lausanne
        Imprint
        Routledge
        Classification
        Business and Management
        Economic history
        Economics
        Economic theory and philosophy
        Finance and the finance industry
        Pages
        34
        Rights
        https://creativecommons.org/licenses/by-nc-nd/4.0/
        • Imported or submitted locally

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        • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

        Credits

        • logo EU
        • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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