Original paper

Purchasing Information to Reduce Uncertainty in Trajectory Prediction

Volume: 60, Issue: 1, Pages: 323 - 327
Published: Sep 1, 2016
Abstract
Previous studies show people underestimate the amount of uncertainty in predictive states. This experiment tested an implication of such findings: that people will be less likely (than optimal) to acknowledge their uncertainty, and hence less likely to purchase information that reduces future uncertainty. In a trajectory prediction task, participants had the opportunity to reduce uncertainty by a constant amount by purchasing either an expensive...
Paper Details
Title
Purchasing Information to Reduce Uncertainty in Trajectory Prediction
Published Date
Sep 1, 2016
Volume
60
Issue
1
Pages
323 - 327
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