Cost-benefit analysis in reasoning
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- dc.contributor.author Alaoui, Larbi
- dc.contributor.author Penta, Antonio
- dc.date.accessioned 2022-12-20T09:39:19Z
- dc.date.available 2022-12-20T09:39:19Z
- dc.date.issued 2022
- dc.description.abstract An individual’s decision to reason about a problem may involve a trade-off between cognitive costs and a notion of value. This paper analyzes the primitive properties that must hold for the decision to stop thinking to be represented by a cost-benefit analysis. We then provide additional properties that give more structure to the value of reasoning function. We show how our model applies to a variety of settings, including contexts involving R&D applications, response time, and strategic reasoning. Our model can also be used to understand patterns of behavior for which the cost-benefit approach does not seem to hold.
- dc.format.mimetype application/pdf
- dc.identifier.citation Alaoui L, Penta A. Cost-benefit analysis in reasoning. Journal of Political Economy. 2022 Apr;130(4):881-925. DOI: 10.1086/718378
- dc.identifier.doi http://dx.doi.org/10.1086/718378
- dc.identifier.issn 0022-3808
- dc.identifier.uri http://hdl.handle.net/10230/55197
- dc.language.iso eng
- dc.publisher University of Chicago Press
- dc.relation.ispartof Journal of Political Economy. 2022 Apr;130(4):881-925
- dc.rights © 2022 The University of Chicago. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0), which permits non-commercial reuse of the work with attribution.
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/
- dc.subject.other Raonament
- dc.subject.other Cognició
- dc.subject.other Beneficis
- dc.subject.other Economia
- dc.subject.other Cost-eficàcia
- dc.title Cost-benefit analysis in reasoning
- dc.type info:eu-repo/semantics/article
- dc.type.version info:eu-repo/semantics/publishedVersion