I would argue that it might even be rational behaviour to "rush and try something stupid" if incentivised with a reward for being in the top 5% of participants. If your choices are between a method that may not work (pick a random method that just might work) but if it does work is fast and a method that is guaranteed to work (such as thinking it through deeply) but is slow then you just might maximise your expected earnings by doing the fast-but-risky approach.
Even more so, if you don't think you're in the smartest 5% of the group then you are pretty much guaranteed to... (read more)
Interesting write-up, thank you for sharing it!
I would argue that it might even be rational behaviour to "rush and try something stupid" if incentivised with a reward for being in the top 5% of participants. If your choices are between a method that may not work (pick a random method that just might work) but if it does work is fast and a method that is guaranteed to work (such as thinking it through deeply) but is slow then you just might maximise your expected earnings by doing the fast-but-risky approach.
Even more so, if you don't think you're in the smartest 5% of the group then you are pretty much guaranteed to... (read more)