Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model
通过两个实验检验定向认知模型，该模型假设个体使用部分短视的期权价值计算来选择下一步认知操作，结果发现该模型能更好预测信息获取模式，优于完全理性模型。
The directed cognition model assumes that agents use partially myopic option-value calculations to select their next cognitive operation. The current paper tests this model by studying information acquisition in two experiments. In the first experiment, information acquisition has an explicit financial cost. In the second experiment, information acquisition is costly because time is scarce. The directed cognition model successfully predicts aggregate information acquisition patterns in these experiments. When the directed cognition model and the fully rational model make demonstrably different predictions, the directed cognition model better matches the laboratory evidence.