Prudence, impatience or laziness are thought of as firmly established personality traits that guide people to weigh the cost of risk, delay and effort.

TOP INSIGHT
A person’s attitude towards effort, delay, or risk drifts towards others personality traits.
The authors asked 56 participants to make a series of decisions involving risks, delays or efforts, both before and after having observed the decisions of fictitious participants (in fact: artificial intelligence algorithms) whose prudent, patient and lazy attitudes were sensibly calibrated.
The study results show that participants are bound to a "false-consensus" bias, i.e. they believe without evidence that the attitudes of others resemble their own. It also shows that people exhibit a "social influence" bias, i.e. their attitude tends to become more similar to those of people around them.
Intriguingly, the social influence bias is partially determined by the false-consensus bias. In brief, it first increases with false-consensus (for small false-consensus biases), but then decreases with false-consensus (for large false-consensus biases). Note that participants seem to be mostly unaware of these biases.
Critically, mathematical simulations demonstrate that both biases, and the surprising interaction between them, are hallmarks of a unique mechanism that is ideally suited to learning both about and from others' covert attitudes.
"Our work is in line with an ongoing effort tending toward a computational (i.e. quantitative and refutable) understanding of human and animal cognition. In particular, we showed that formal information and decision theories provide invaluable insights regarding the nature and relationship of puzzling biases of social cognition," say the researchers.
Source-Eurekalert
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