What question did this study set out to answer?

The research aims to assess if a normative model accurately describes how information evaluators judge information systems.

Toward a Positive Theory of Information Evaluation.

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Research tests a normative model of information evaluation in decision makers, suggesting more complexity in choices.

The research aims to assess if a normative model accurately describes how information evaluators judge information systems.
Experimental design with manipulations of priors, accuracy, and decision-maker types.
Evaluation of decision makers based on their willingness to pay for information from two urns.
Assessment of predictive ability as the main criterion for evaluation.
Findings were inconsistent with the normative model's predictions.
Best representation of information evaluator behavior was a combination of priors, accuracy, and decision maker type.
The normative model did not effectively capture decision-making behavior.

Schepanski et al. (1983) studied this question.

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