Effects of Fortune Telling

- [[options]] When you are having a hard time deciding between option A and option B.

• Unknowingly choosing procrastination with the three choices of “Option A, Option B, procrastination”.

  • Psychological cost of [decision

• Procrastination is not necessarily a bad thing.

  • Because sometimes waiting can provide additional information.
  • But many people choose to procrastinate beyond a reasonable level.

• Troublesome means that the Action Value of Option A and the Action Value of Option B are almost the same

  • In other words, it shouldn’t make much difference which one you choose.
  • And yet, the psychological cost of choice makes procrastination a choice.
  • fortune-telling erases the cost of choosing by randomly increasing the action value of one of the options
  • Turning it into a “should we act or should we wait?”

• Could this simulation show a case where divination is useful?

  • Given the tendency to procrastinate in making choices when there are many options that are close in value
  • NecessaryExperiments

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