Yazen H. Al Safi

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more outcomes mean more judgment means more time and effort. Humans experience the cognitive costs of judgment as a slower decision-making process. We all have to decide how much we want to pin down the payoffs against the costs of delaying a decision. Some will choose not to investigate payoffs for scenarios that seem remote or unlikely. The credit card network might find it worthwhile to separate work trips from vacations but not vacations to Rome from the Grand Canyon.
Prediction Machines: The Simple Economics of Artificial Intelligence
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