This certainly has an intuitive appeal. Where would the noise be? In the outcome values, or the probabilities, or both?
To have an effect, the noise would have to something that you somehow know can’t be eliminated by allocating more thinking/computing time (perhaps you’re on a time limit) or resources, else the rational thing to do would be to just “’think harder” to make sure you’re not sacrificing your EUBig...
This certainly has an intuitive appeal. Where would the noise be? In the outcome values, or the probabilities, or both?
To have an effect, the noise would have to something that you somehow know can’t be eliminated by allocating more thinking/computing time (perhaps you’re on a time limit) or resources, else the rational thing to do would be to just “’think harder” to make sure you’re not sacrificing your EUBig...
Is that knowledge plausible?
Okay, I just added a paragraph about this. It seems to me that time limits are the biggest noise factor for humans.
Good stuff!