tag:blogger.com,1999:blog-1651191617949674054.post6034047512107696406..comments2024-03-17T17:29:31.245+00:00Comments on Differential Diagnosis: Bounded rationality, medicine and the internet age.Dean Jenkinshttp://www.blogger.com/profile/07988740182662829798noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1651191617949674054.post-21418910579570145122011-11-07T15:11:10.373+00:002011-11-07T15:11:10.373+00:00Having read the paper and the blog I think that th...Having read the paper and the blog I think that the paper assumes that bounded rationality (BR) always leads to heuristics. Their paper seems to be about heuristics more. <br />In your blog, you apply BR slightly different. I think that someone who has seen all kind of SoMe and decides that, overwhelmed with all this info, to use just one tool for each purpose decides under BR. Someone who, as you say, is convincing others to use a specific tool is not in a decision taking process I guess. Just trying to influence other people's decisions....:-)<br />About the world of finance, I think there is a difference between not understanding and having a lack of mental, time and information resources and still having to take a decision. Therefore, yes, I think they have to decide with BR but even without those complex structures this would be the case. I expect this to be similar to practitioners, in previous times they were restricted by BR as well, even without modern technology. Thanks, it is an interesting concept: BR.Anonymousnoreply@blogger.com