The Pursuit and Misuse of Useless Information

Will Price has a fantastic post summarizing a Princeton paper on “the pursuit and misuse of useless information.” He sums up the paper well by talking about how we love to obtain additional, useless information before making a decision and then how we let that noninstrumental information affect the process. It seems to me that people think about these things when making *big* decisions, so our real losses come during all those day-to-day decisions that we make without thinking twice and, given our bad habits, we fall prey to these fallacies.

One Response to The Pursuit and Misuse of Useless Information

  1. Chris Yeh says:

    I think the best place for insights into how to avoid this trap is to talk with the Marine Corps.

    They are the masters of rapid decisionmaking.

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