Risk and Ambiguity in Information Seeking: Eye Gaze Patterns Reveal Contextual Behaviour in Dealing with Uncertainty
Peter Wittek, Ying-Hsang Liu, S\'andor Dar\'anyi, Tom Gedeon, Ik Soo, Lim

TL;DR
This study investigates how perceived risk and ambiguity influence information seeking behavior, revealing that eye gaze patterns reflect different strategies in managing uncertainty, with implications for understanding decision-making in complex search tasks.
Contribution
The paper introduces a novel eye-tracking approach to analyze how risk and ambiguity affect information foraging strategies, linking behavioral patterns to quantum decision theory.
Findings
Risk shifts exploration-exploitation balance in users.
Different search strategies are linked to user traits.
Fundamental limits exist on simultaneous risk and ambiguity minimization.
Abstract
Information foraging connects optimal foraging theory in ecology with how humans search for information. The theory suggests that, following an information scent, the information seeker must optimize the tradeoff between exploration by repeated steps in the search space vs. exploitation, using the resources encountered. We conjecture that this tradeoff characterizes how a user deals with uncertainty and its two aspects, risk and ambiguity in economic theory. Risk is related to the perceived quality of the actually visited patch of information, and can be reduced by exploiting and understanding the patch to a better extent. Ambiguity, on the other hand, is the opportunity cost of having higher quality patches elsewhere in the search space. The aforementioned tradeoff depends on many attributes, including traits of the user: at the two extreme ends of the spectrum, analytic and wholistic…
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