Originally Posted by cfr
With that said, why would I care about time of random people on the internet .
First, figure out what's important, not what's available.
Originally Posted by mrtime
More details and more information rarely, if ever, leads to a better decision.
I totally disagree.
There're relevant information and irrelevant information. When relevant information/detail is missing, the decision would be random. In such cases, having more detail or more information would make for BETTER decision.
It's only when the addition information/detail is irrelevant, as in the example the size of the default, that it doesn't help the decision.
While it's interesting to know 1/2 of group 2 made the WRONG decision by hyper-focus on irrelevant information (size of default), still 21% of them made the right decision. So there're some subset of the population who are NOT swayed by "too much" information! So the key is not to hide the additional information but learn how to weight available information to avoid being swayed by irrelevant ones.
Information is just that, information. It's up to us to make use of it. By "making use", I mean including ignoring useless "information" and tossing it into the trash at the first chance!