Thanks. I think the criteria which standards to keep and which to relax you propose are reasonable.
It seems an important question. I would like someone trying it to study more formally, using for example “value of information” or “rational inattention” frameworks. I can imagine experiments like giving people a longer list of arguments and trying to gather feedback on what was the value for them and then making decisions based on that. (Now this seems to be done mainly based on author’s intuitions.)
Thanks. I think the criteria which standards to keep and which to relax you propose are reasonable.
It seems an important question. I would like someone trying it to study more formally, using for example “value of information” or “rational inattention” frameworks. I can imagine experiments like giving people a longer list of arguments and trying to gather feedback on what was the value for them and then making decisions based on that. (Now this seems to be done mainly based on author’s intuitions.)
I agree Max’s post is doing a really good job!