Choice set dependent performance and post-decision dissonance

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A decision maker (DM) selects a project from a set of alternatives with uncertain productivity. After the choice, she observes a signal about productivity and decides how much effort to put in. Toru Suzuki analyzes the optimal decision problem of the DM who rationally filters information to deal with her post-decision cognitive dissonance. 

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Image courtesy of interviewee. April 25, 2022

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