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Do you want to know a secret? The role of valence and delay in early informationpreference

Creative Commons 'BY' version 4.0 license
Abstract

People tend to place value on information even when it doesnot affect the outcome of a decision. Two competingaccounts offer explanations for such non-instrumentalinformation seeking. One account foregrounds the role ofanticipation and the other focusses on uncertainty aversion.Both accounts make similar predictions for short cue-outcome delays and when outcomes are positively valenced,but they differ in their explanation of information preferenceat long delays with negative outcomes. We present a seriesof experiments involving both primary and secondaryreinforcers that pit these accounts against each other. Theresults indicate a consistent preference for non-instrumentalinformation even at long cue-outcome delays and noevidence for information avoidance with negative outcomes.This pattern appears to provide more support for theuncertainty-aversion account than one based on anticipation.

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