@article {10.3844/ajassp.2010.1539.1549,
article_type = {journal},
title = {A Laboratory Study of Curiosity Behavior in Feedback-Based Decisions},
author = {Fujikawa, Takemi},
volume = {7},
year = {2010},
month = {Dec},
pages = {1539-1549},
doi = {10.3844/ajassp.2010.1539.1549},
url = {https://thescipub.com/abstract/ajassp.2010.1539.1549},
abstract = {Problem statement: This study adopts an interdisciplinary approach in conducting the
study on "curiosity" with a toolset of experimental economics. Approach: I hypothesized that the
Decision Makers (DMs) tended to exhibit curiosity behavior when two conditions were met: (1) The
DMs faced "small feedback-based" decision problems; (2) The DMs bore tangible costs of their
curiosity behavior. Results: This study was the first to address the phenomenon of curiosity, using an
economics experiment, where the DMs received financial performance-based incentives (i.e., monetary
payoffs that were contingent on their performance in the experiment). Economics studies the cost and
benefit of any action made by the DMs, whereas psychologists do not. A key feature of the current
experiment was that the DMs faced 100-fold binary choice between two alternatives, both of which
yielded fixed payoffs. Conclusion/Recommendations: Experimental results were interpreted as a
confirmation of the hypothesis that curiosity was aroused when the aforementioned two conditions
were met.},
journal = {American Journal of Applied Sciences},
publisher = {Science Publications}
}