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Modelling curiosity in decision-making
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  • 作者:Kusha Baharlou
  • 关键词:Curiosity ; Choice ; Decision ; making
  • 刊名:Theory and Decision
  • 出版年:2017
  • 出版时间:January 2017
  • 年:2017
  • 卷:82
  • 期:1
  • 页码:75-91
  • 全文大小:
  • 刊物类别:Business and Economics
  • 刊物主题:Economic Theory/Quantitative Economics/Mathematical Methods; Game Theory, Economics, Social and Behav. Sciences; Operation Research/Decision Theory; Behavioral/Experimental Economics; Statistics for B
  • 出版者:Springer US
  • ISSN:1573-7187
  • 卷排序:82
文摘
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.

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