“…Similarly, the work of Bruner, Goodnow, and Austin (1956) showed that attempts to reduce "cognitive strain" have a very strong influence on information use in decision tasks. Experimental studies demonstrating the influence of informationprocessing considerations in risk taking include the work of Miller and Meyer (1966) on the structure and number of alternatives available to the decision maker; Herman and Bahrick (1966) on the amount of information a person must encode in order to evaluate a bet; and Slovic, Lichtenstein, and Edwards (1965) on the effects of boredom on choices among bets. Concern with the decision maker's information-processing capabilities also underlies Simon's (1957) notion of "satisficing" and Toda's (1962) discussion of the decision processes of a "fungus eater.…”