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SilasBarta comments on Problem of Optimal False Information - Less Wrong
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This doesn't sound that hypothetical to me: it sounds like the problem of which organizations to join. Rational-leaning organizations will give you true information you don't currently know, while anti-rational organizations will warp your mind to rationalize false things. The former, while not certain to be on net bad, will lead you to unpleasant truths, while people in anti-rational groups are often duped into a kind of happiness.
Sure, that's a valid way of looking at things. If you value happiness over truth, you might consider not expending a great deal of effort in digging into those unpleasant truths, and retain your pleasant illusions. Of course, the nature of the choice is such that you probably won't realize that it is such a choice until you've already made it.