Axiomempiricalv1AX-085
Simple decision rules using less information can outperform…
Simple decision rules using less information can outperform complex analytical models in uncertain environments with limited data.
Why This Is an Axiom
Gigerenzer's fast-and-frugal heuristics: 'simple decision rules routinely outperform complex analytical models — not despite using less information, but because of it.' This is the less-is-more effect, an empirical finding about decision-making that cannot be derived from other axioms in the curriculum.