Reasonable reasons for waiting

Orit E. Tykocinski, Bradley J. Ruffle
2003 Journal of Behavioral Decision Making  
Recent decision-making research claims to establish that, in violation of Savage's normative sure-thing principle, individuals often wait to acquire noninstrumental information and subsequently base their decisions upon this information. The current research suggests that characterizing individuals as pursuing noninstrumental or useless information may be overstated. Through a series of experiments we establish, first, that many people choose to wait, even when waiting provides no additional information at all. Second, the
doi:10.1002/bdm.439 fatcat:3sxhfrwdrvcrtek5vw5w4bae7y