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The paper studies information processing imperfections in a fully rational decision-making network. It is shown that imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information overload. The paper analyses the mechanisms responsible...
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We tested the influence of time pressure and to what extent time pressure interacts with the contextual factors … uncertainty. Our findings indicate that under time pressure, individuals acquire less information. Moreover, while we found no … effect of time pressure with a negative payoff scheme, higher levels of information costs suppress the willingness to acquire …
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their bets farther away from the game day. The better performance of early bettors holds controlling for (time …
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