Sometimes we should persist to succeed. But other times it might be wiser to give up on the task at hand and focus our energy on something new. Knowing whether a task is worth the effort potentially requires multiple capacities, including sensitivity to one's own likelihood to succeed on the current problem, the associated costs with continuing to…

In 2 studies, we attempted to capture the information-processing abilities underlying children's reality-status judgments. Forty 5- to 6-year-olds and 53 7- to 8-year-olds heard about novel entities (animals) that varied in their fit with children's world knowledge. After hearing about each entity, children could either guess reality status…