Cost-Benefit Analysis in Reasoning ∗

  title={Cost-Benefit Analysis in Reasoning ∗},
  author={Larbi Alaoui},
When an individual thinks about a problem, his decision to reason further may involve a tradeoff between cognitive costs and a notion of value. But it is not obvious that this is always the case, and the value of reasoning is not well-defined. This paper analyzes the primitive properties of the reasoning process that must hold for the decision to stop thinking to be represented by a cost-benefit analysis. We find that the properties that characterize the cost-benefit representation are weak and… CONTINUE READING