Gerd Gigerenzer, Psychologist on Heuristics, Decision-Making, and Economic Rationality

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Gerd Gigerenzer, Ph.D, on Risk Literacy, Heuristics, and Making Decisions Under Uncertainty ⁨@SilverDisobedience⁩ Perception Dynamics podcast host, Dian Griesel interviews psychologist and risk expert Gerd Gigerenzer about decision-making in an uncertain world; distinguishing calculable risks (like roulette) from uncertainty where “37s happen” (war, relationships, crises) and more. Gigerenzer explains that logic and consistency-based rationality don’t capture how people actually understand language and act, and argues that under uncertainty optimization is a fiction, so people rely on heuristics and Herbert Simon’s “satisficing,” which he links to modern option overload (e.g., Tinder) and…