Monday, 25 Nov 2024

Are we witnessing the dawn of post-theory science?

Are we witnessing the dawn of post-theory science?

Are we witnessing the dawn of post-theory science?
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Griffiths has been using neural nets to help him improve on existing theories in his domain, which is human decision-making. A popular theory of how people make decisions when economic risk is involved is prospect theory, which was formulated by behavioural economists Daniel Kahneman and Amos Tversky in the 1970s (it later won Kahneman a Nobel prize). The idea at its core is that people are sometimes, but not always, rational.

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