To decide to lose intentionally, I need to know how much it costs to try to win, what the odds of success are, and what the difference in utility is if I win.
I feel like people weigh those factors unconsciously and automatically (using bounded resources and rarely with perfect knowledge or accuracy).
To decide to lose intentionally, I need to know how much it costs to try to win, what the odds of success are, and what the difference in utility is if I win.
I feel like people weigh those factors unconsciously and automatically (using bounded resources and rarely with perfect knowledge or accuracy).