Data from: Irrational time allocation in decision-making

Bastiaan Oud, Ian M. Krajbich, Kevin Miller, Jin Cheong, Matthew Botvinick, Ernst Fehr, Jin Hyun Cheong & Ian Krajbich
Time is an extremely valuable resource but little is known about the efficiency of time allocation in decision making. Empirical evidence suggests that in many ecologically relevant situations, decision difficulty and the relative reward from making a correct choice, compared to an incorrect one, are inversely linked, implying that it is optimal to use relatively less time for difficult choice problems. This applies, in particular, to value-based choices, in which the relative reward from choosing...
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