Modelling curiosity in decision-making

Kusha Baharlou ()

Theory and Decision, 2017, vol. 82, issue 1, No 5, 75-91

Abstract: Abstract This paper develops a model of choice with an agent that is capable of experiencing curiosity using Loewenstein’s (Psychol Bull 116(1):75–98, 1994) information gap interpretation of curiosity. We then proceed to determine the restrictions on choice behaviour implied by the model in two choice environments: no discovery—where the Decision-Maker does not have the opportunity to learn—and discovery—where she is afforded such an opportunity. These restrictions can be applied by an observer to determine if a Decision-Maker’s choices align with the model.

Keywords: Curiosity; Choice; Decision-making (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:theord:v:82:y:2017:i:1:d:10.1007_s11238-016-9557-9

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DOI: 10.1007/s11238-016-9557-9

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