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In the tied state, they differ: σ′(s1|ω3) = 1 2, σ(s 1|ω3) = 1 2 +ε, for someε∈(0,1 2) · 1988

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Measuring Choice Difficulty

econ.TH · 2026-04-29 · unverdicted · novelty 7.0

In a binary-option Bayesian expected-utility framework, measures of choice difficulty (understanding, randomness, and confidence) are unrelated in general, though they coincide under restrictions on information structures or payoffs.

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  • Measuring Choice Difficulty econ.TH · 2026-04-29 · unverdicted · none · ref 7

    In a binary-option Bayesian expected-utility framework, measures of choice difficulty (understanding, randomness, and confidence) are unrelated in general, though they coincide under restrictions on information structures or payoffs.