Table 3.
Fraction Avoiding Information in Hidden Information Conditions.
Payoffs: | Classic | New | New | Classic | ||||
---|---|---|---|---|---|---|---|---|
Active Choice | Active Choice | |||||||
S/O | O/O | S/S | S/O–New | O/O–New | S/O–New, Active | O/O–New, Active | S/O–Active | |
Study 1 | 0.67 | 0.55 | ||||||
Study 2 | 0.72 | 0.55 | 0.44 | 0.43 | ||||
Study 3 | 0.65 | 0.52 | 0.47 | 0.45 | 0.25 | 0.20 | ||
Study 4 | 0.62 | 0.41 | ||||||
Study 5 | 0.65 | 0.56 | 0.55 | 0.21 | ||||
Study 6 | 0.72 | 0.51 | 0.47 | |||||
N | 1,097 | 1,103 | 192 | 600 | 391 | 199 | 197 | 199 |
Notes: The first and fourth set of columns involve the ‘Classic Payoffs’ shown in the top two panels of Table 1. The second and third set of columns involve the ‘New Payoffs’ shown in the bottom two panels of Table 1. The last two sets of columns involve treatments where participants must actively choose whether or not to acquire information before having the ability to choose Option A or Option B. Within each pair of columns, results are split according to whether participants were randomly assigned to one of the conditions involving payoffs for themselves and another participant (i.e., the Self/Other, Self/Other–New, or Self/Other–Active condition), one of the conditions involving payoffs for two other participants (i.e., the Other/Other, Other/Other–New, or Other/Other–Active condition), or the condition involving payoffs only for themselves (i.e., the Self/Self condition). Note that S/O, O/O and S/S refer to the Self/Other, Other/Other, and Self/Self conditions, respectively.