you don't want to know what you're missing

Clicks: 238
ID: 220243
2010
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Abstract
When people learn to make decisions from experience, a reasonable intuition is that additional relevant information should improve their performance. In contrast, we find that additional information about foregone rewards (i.e., what could have gained at each point by making a different choice) severely hinders participants' ability to repeatedly make choices that maximize long-term gains. We conclude that foregone reward information accentuates the local superiority of short-term options (e.g., consumption) and consequently biases choice away from productive long-term options (e.g., exercise). These conclusions are consistent with a standard reinforcement-learning mechanism that processes information about experienced and forgone rewards. In contrast to related contributions using delay-of-gratification paradigms, we do not posit separate top-down and emotion-driven systems to explain performance. We find that individual and group data are well characterized by a single reinforcement-learning mechanism that combines information about experienced and foregone rewards.
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otto2010judgmentyou Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;A. Ross Otto;Bradley C. Love
Journal nederlands tijdschrift voor geneeskunde
Year 2010
DOI
DOI not found
URL
http://journal.sjdm.org/10/9923/jdm9923.pdf
Keywords
learning decision-making self-control reinforcement learning

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