Intuitive theories of information: beliefs about the value of redundancy

Article Abstract:

The preference for redundant information by a person depends on that person's intuitive theory of information. The most widely held intuitive theory is the Error Tradeoff Model (ETM), which explicitly differentiates measurement error from bias. In ETM, bias can only be averaged out by consulting different sources, while measurement error can only be averaged out by consulting the same source multiple times. ETM, thus, leads people to prefer redundant estimates when the ration of measurement error to bias is relatively high.

Information theory, Psychology, Human information processing, Cognitive psychology, Information theory in psychology

---

Comparison, grouping, and preference

Article Abstract:

A study was conducted to analyze the role of comparisons in the evaluation of options' attractiveness and the influence of grouping on choice. Two assumptions which imply that whenever the options under consideration have both meaningful advantages and disadvantages were examined. Results indicated a number of observations concerning the importance of grouping in choice. Findings also showed that a same set of options may produce systematically different choices under various groupings.

Psychological aspects, Consumer preferences, Consumers, Comparison (Psychology)

---

Similar abstracts:

• Abstracts: The effect of outcome information on the evaluation and recall of individuals' own decisions. "The spirit is willing, but the flesh is weak": beyond mind-body interactions in human decision-making
• Abstracts: Bulimia and the diffusion status of ego identity formation: similarities of the empirical descriptors of self and parent
• Abstracts: Bioinformatics - a new era. The future of bioinformatics. Functional genomics
• Abstracts: Text-based database searching. Computational gene finding. Multiple-alignment & -sequence searches
• Abstracts: Work and family stress and well-being: an examination of person-environment fit in the work and family domains

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.