Uncertainty and denial: a resource-rational model of the value of information.

Classical decision theory predicts that people should be indifferent to information that is not useful for making decisions, but this model often fails to describe human behavior. Here we investigate one such scenario, where people desire information about whether an event (the gain/loss of money) w...

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Bibliographic Details
Main Authors: Emma Pierson, Noah Goodman
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2014-01-01
Series:PLoS ONE
Online Access:http://europepmc.org/articles/PMC4245129?pdf=render