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            Chapter 18 The winds of change

            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; Routledge Handbook of Bounded Rationality; Routledge Handbook of Bounded Rationality
            URI
            https://doab-dev.siscern.org/handle/20.500.12854/160337
            Keywords
            digitalization; heterodox economics; heuristics framework; ecological perspectives on human behaviour; heuristics; economic uncertainty; environmental change; digital environments; thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics; thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy; thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
            DOI
            10.4324/9781315658353-21
            ISBN
            9781138999381, 9780367563943
            Publisher
            Taylor & Francis
            Publisher website
            http://www.taylorandfrancis.com/
            Publication date and place
            2021
            Grantor
            • Université de Lausanne
            Imprint
            Routledge
            Pages
            34
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              This project received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 871069.

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