Journal of Judgment and Decision Making
I recently found the Journal of Judgment and Decision Making. Access to full content is free. It covers many practical aspects of decision-making and provides designable insights. For example, in the new article, You Don’t Want to Know What You are Missing, the authors clearly demonstrate that when making a decision the more information we have about near-term benefits the less like we are to chose an alternative with the greatest long-term benefits. They put a sharper point to it:
“The present study reveals that, under the circumstances observed here, withholding information about local rewards from decision-makers can actually facilitate long-term optimal choice. “
Withholding information of course is just one option and might not be the best. Delaying it until longer-term options have been examined is an alternative. No matter, this is just the type of insights cognitive designers seek and the journal appears to be full of them!
