Gerd Gigerenzer – Max Planck Institute for Human Development – German psychologist who has studied the use of bounded rationality and heuristics in decision making. Gigerenzer investigates how humans make inferences about their world with limited time and knowledge. He proposes that, in an uncertain world, probability theory is not sufficient; people also use smart heuristics, that is, rules of thumb. He conceptualizes rational decisions in terms of the adaptive toolbox (the repertoire of heuristics an individual or institution has) and the ability to choose a good heuristics for the task at hand. A heuristic is called ecologically rational to the degree that it is adapted to the structure of an environment.
Simple Heuristics That Make Us Smart – Gerd Gigerenzer
Cognitive Edge : Cognitive Edge is at the leading edge of developing approaches that allow organisations to absorb uncertainty, create resilience and detect weak signals which more conventional approaches would ignore. Cognitive Edge is driving the development of an ecological metaphor to underpin management theory to compliment the engineering approach which has dominated thinking for several decades.
Heuristics in shipboard decision-making – Safety4Sea – Captain VS Parani, FNI, FICS, CMarTech-IMarEST, is HSSEQ Manager at Oceanic Marine Management Limited, Cyprus. Originally from the Andaman Islands, his dream was to become a ship’s captain which he did at the age of 29. Since 2006, he has been in various shore based roles in Hong Kong and in Cyprus, leading departments responsible for the Safety, Quality, Vetting, Crewing and Training for a large fleet. He is also the author of the internationally acclaimed Golden Stripes- Leadership on the High Seas, which was written specifically for merchant-mariners. This year, he started the Golden Stripes Podcast which are short episodes on safety, specifically for seafarers and maritime professionals.