Fast and Frugal
| Joseph Stiglitz | Won'tWork | Beyond Tattoos and Hoodies | Cultural Misfits
Quote of the Moment
Fast-and-frugal robust heuristics may not be a second-best option but rather ‘rational’ responses in complex and changing macroeconomic environments.
| Joseph Stiglitz et al, Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents
When being rational is too slow.
