BNET Business Dictionary
Business Definition for: Heuristics
- a method for problem solving or decision making that arrives at solutions through exploratory means such as experimentation, trial and error, or evaluation
Wiktionary Definition for: Heuristics
- the study of heuristic methods and principles
Additional Resources
- Heuristics and Biases: An Excellent Introduction
- My friend Elie Yudkowsky, an extraordinary thinker from the Singularity Institute for Artificial Intelligence, gave me a copy of his paper Cognitive biases potentially affecting judgment of global risks.It is the single best discussion of heuristics and biases within the framework of cognitive psychology I've read. I highly recommend you...
- Blog posts 2007-05-27
- What Are Your Biases and Heuristics?
- The article states that heuristics and biases are ubiquitous because they are innate to human. They apply to customers, colleagues, executives, investors, and any other category to which we assign human beings. To better understand how people's distortions, shortcuts, and biases affect how you market to various stakeholders, one should...
- White papers 2003-07-22
- ESET's Advanced Heuristics Technology Validated by Independent Test; AV-Comparatives Report Reveals ESET's Combination of Strong Proactive Heuristics and Daily Signature Updates Most Effective in Combating Malware
- SAN DIEGO -- ESET, the leader in proactive threat protection, today announced further validation of its ThreatSenseR advanced heuristics technology based on the results of a recent test conducted by AV-Comparatives. The results reveal that more frequent antivirus signature updates do not necessarily provide greater protection against malware and cannot...
- Research articles 2006-09-07
- Do Managers' Heuristics Affect R&D Performance Volatility?
- R&D performance volatility plays a critical role in various industries. Prior work in the innovation and product development literature has examined the factors influencing various dimensions of R&D performance. However, still little is known about the volatility of R&D output over time at the firm level. This paper uses a...
- White papers 2006-02-12
- Heuristics and Biases: An Excellent Introduction
- Heuristics and Biases: An Excellent IntroductionHeuristics and BiasesThis view on decision analysis and decision making is long overdue in the business world. We have worshipped at the altar of "hard numbers" for the past thirty years and have, for the most part, neglected the reality that people filter and use...
- Discussion threads 2007-07-18
- Heuristics and Usability Guidelines for the Creation and Evaluation of Fun in Video Games
- This study examines the implicit and explicit heuristics and usability evaluation processes utilized by a leading game developer. Five people from a single game team, each contributing in a different way to the game development process, were observed for one business day and interviewed. At the time of this study,...
- White papers 2002-12-01
- Building Negotiation Decision Support Systems By Integrating Game Theory And Heuristics
- Negotiation is considered in general very context sensitive. Since the research laboratory has successfully developed decision support systems in Australian Family Law, the domain expertise are used to construct a variety of Family Law negotiation support systems. Family_Winner uses point allocation and heuristics to advice upon structuring the mediation process...
- White papers 2004-06-07
- Eset Expands Its Unmatched Advanced Heuristics-Based Virus Protection to a Wide Range of Web-Based and Application Malware
- Eset, a global provider of next-generation virus protection, today announced the availability of the newest version of its flagship product, NOD32, which extends Eset's state of the art heuristics detection capabilities to defend against Web-based viruses and Trojans, macro viruses hiding in embedded Microsoft Office files, and the latest malware...
- Research articles 2004-09-27
- BitDefender Launches Next Generation of Heuristic Detection; BitDefender Includes Industries Most Advanced Heuristics Engine in Forthcoming Products
- FORT LAUDERDALE, Fla. -- BitDefenderR, an award-winning provider of antivirus software and data security solutions, announced B-HAVE Behavioral Heuristic Analyzer in Virtual Environments, its next generation of heuristic detection technology, will be included in all future BitDefender products. BitDefender's unique heuristics technology has helped establish BitDefender as a leader in...
- Research articles 2006-05-02
- Information + Graphics Systems, Inc. and Bolder Heuristics Inc. Announce a Merger
- BOULDER, Colo.--BUSINESS WIRE--Sept. 24, 1998--Information + Graphics Systems, Inc. and Bolder Heuristics Inc. announce a merger of their companies. This merger joins together two Boulder companies specializing in the development of information technology products and services with an emphasis in the communications industry. The business drivers for the merger...
- Research articles 1998-09-24
- Best of Ben - Popular Posts from the Archives
- Many months ago Breck Yuntis at Duke University asked me if I had a "Best of" list for this blog. I've been blogging since June 2004 and have posted 1,011 times. One of the problems with the reverse chronological nature of blogs is that the "best" posts aren't necessarily promoted...
- Blog posts 2007-02-03
- The Perennial Struggle: Analysis vs. Intuition
- Another day, another decision -- should you go with your gut or rule by the numbers? Jack Welch earned his spot as one of America's most-admired chiefs by virtue of his "uncanny instincts." (As hinted by his bestselling book, Jack: Straight from the Gut.) Meanwhile, the McKinsey Global Institute annual...
- Blog posts 2007-06-04
- Behavioral Law.(Books and Reports)
- MIT Press (Cambridge, MA) has published "Heuristics and the Law," a clothbound book that accepts that neither lawbreakers nor law officers behave as the "hyper-rational beings postulated by rational choice," MIT said, and that our MIT Press (Cambridge, MA) has published "Heuristics and the Law,"...
- Research articles 2007-01-01
- STRATEGIC FLEXIBILITY IN R&D
- How to use project selection to prepare for an unpredictable future.OVERVIEW: Managers choosing which R&D projects to fund typically rely on rank-ordering heuristics when other valuation methods are not applicable. These heuristics are powerful, but they have a number of limitations, among them: they overlook the impact of each project...
- Research articles 2004-05-01
- Portfolio Optimization, Heuristics and The ‘Butterfly Effect'
- The purpose of this paper is to explore the reasons why and to offer one reasonable alternative: a portfolio heuristic. A portfolio optimizer is a solution algorithm used to determine the optimal or very best solution given a set of information inputs. A portfolio heuristic is a solution algorithm used...
- White papers 2000-02-01
- Portfolio Optimization, Heuristics and The ‘Butterfly Effect'
- In this article, a phenomenon called the "butterfly effect" applies to portfolio optimizers just as much as it does to the global weather system. This article discusses the drawbacks of portfolio optimizers and presents heuristic algorithms as a possible solution. Some of these drawbacks are inappropriate allocations, instability of the...
- White papers 2000-02-01
- Knowledge Management & New Organization Forms: A Framework for Business Model Innovation
- The concept of knowledge management is not new in information systems practice and research. However, radical changes in the business environment have suggested limitations of the traditional information-processing view of knowledge management. Specifically, it is being realized that the programmed nature of heuristics underlying such systems may be inadequate for...
- White papers 2003-01-01
- Defying Hardness With a Hybrid Approach
- This white paper is indulged in investigating the scenarios where the selector must decide between heuristics that are good" with respect to different complexity measures, e.g. heuristic h1 is efficient but approximately solves instances, whereas h2 exactly solves instances but takes super polynomial time. The paper presents hybrid algorithms for...
- White papers 2004-09-03
- A Two-Tiered Software Architecture for Automated Tuning of Disk Layouts
- This white paper describes two-tiered software architecture for cleanly and extensible combining heuristics that have been developed for adapting on-disk data layouts to expect and observed workload characteristics. This architecture describes each heuristic being implemented independently and an adaptive combiner merges their suggestions based on how well they work in...
- White papers 2003-05-28
- An Evaluation of Heuristic Methods for Determining the Best Table Mix in Full-Service Restaurants
- Revenue management research seeks to find the revenue-maximizing mix of customer demand, while the capacity management literature focuses on matching supply and demand. Specifically, the paper examines the effectiveness of heuristic techniques for the full-service restaurant table mix problem. Using data from a 240-seat full-service restaurant, the paper establishes base-line...
- White papers 2002-09-01
