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Cognitive dissonance and decision-making are not really related. Cognitive dissonance is the mental stress or discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, performs an action that is contradictory to one or more beliefs, ideas, or values, or is confronted by new information ...


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How to integrate realistic cognitive models of human behaviour and ecomonic models is an open research question, however to tackle it, it might be helpful to break it into a few more easily answerable sub-questions: What models of human planning with emotional influence exist? There are a number of models in existence that try to capture emotion and ...


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Maybe look at the question about forced decisions, and my answer about evidence accumulation: Caller's dilemma . I guess, but do not know, that confidence is an estimate of how quickly you accumulated evidence for one of the decisions, and how much evidence there is for the other. The process is subconscious though, so how one would make the result ...


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You might want to look at some decision making literature. A nice and easy to understand theory is the Drift Diffusion model. This model works with binary decisions, and argues that "evidence", an subconscious representation of it, for either one of the options is accumulated over time. The option that accumulates enough evidence, i.e. when it exceeds a ...



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