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Ecological rationality: A framework for understanding and aiding the aging decision maker.

Mata, Rui and Pachur, Thorsten and von Helversen, Bettina and Hertwig, Ralph and Rieskamp, Jörg and Schooler, Lael J.. (2012) Ecological rationality: A framework for understanding and aiding the aging decision maker. Frontiers in Neuroscience, 6. p. 19.

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Abstract

The concept of ecological rationality sees human rationality as the result of the adaptive fit between the human mind and the environment. Ecological rationality focuses the study of decision making on two key questions: First, what are the environmental regularities to which people’s decision strategies are matched, and how frequently do these regularities occur in natural environments? Second, how well can people adapt their use of specific strategies to particular environments? Research on aging suggests a number of changes in cognitive function, for instance, deficits in learning and memory that may impact decision-making skills. However, it has been shown that simple strategies can work well in many natural environments, which suggests that age-related deficits in strategy use may not necessarily translate into reduced decision quality. Consequently, we argue that predictions about the impact of aging on decision performance depend not only on how aging affects decision-relevant capacities but also on the decision ecology in which decisions are made. In sum, we propose that the concept of the ecological rationality is crucial to understanding and aiding the aging decision maker.
Faculties and Departments:07 Faculty of Psychology > Departement Psychologie > Forschungsbereich Sozial-, Wirtschafts- und Entscheidungspsychologie > Cognitive and Decision Sciences (Mata)
07 Faculty of Psychology > Departement Psychologie > Ehemalige Einheiten Psychologie > Cognitive and Decision Sciences (Hertwig)
UniBasel Contributors:Pachur, Thorsten and von Helversen, Bettina and Hertwig, Ralph and Rieskamp, Jörg and Mata, Rui
Item Type:Article, refereed
Publisher:Frontiers Media
ISSN:1662-4548
e-ISSN:1662-453X
Note:Publication type according to Uni Basel Research Database: Journal article
Language:English
Identification Number:
Last Modified:09 Mar 2017 07:10
Deposited On:09 Mar 2017 07:10

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