Where with more options you need to explore them (some amount) to avoid missing out on rewards. Where you might not always know if Y is lesser than X, even when being told specifically that Y < X.
which is to say that: someone who behaves with applied rationality should be occasionally exploring choices to avoid missing rewards. Because of that, when spare choices come up—they create a burden of exploration on the party and that exploration is taxing on resources (even when not chosen).
Isn’t that a clearer description for why extra choice can be harmful?
What about when choice inflicts the problem of the multi-armed bandit on us: multi-armed bandit on wikipedia
Where with more options you need to explore them (some amount) to avoid missing out on rewards. Where you might not always know if Y is lesser than X, even when being told specifically that Y < X.
which is to say that: someone who behaves with applied rationality should be occasionally exploring choices to avoid missing rewards. Because of that, when spare choices come up—they create a burden of exploration on the party and that exploration is taxing on resources (even when not chosen).
Isn’t that a clearer description for why extra choice can be harmful?