Does Information Change Behavior?

This paper reviews and synthesizes the theory of information economics and empiricalevidence on how information changes the behavior of consumers, households and firms. I show thatconsumers respond to new information in food experiments but perhaps not in retirement accountmanagement. Some seeming perverse consumer/investor decision making may be a result of a complexdecision with a low expected payoff.[...]

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Year of publication:	2009-11-02
Authors:	Huffman, Wallace E.
Institutions:	Iowa State University of Science and Technology <Ames, Iowa> / Department of Economics
Subject:	Moral hazard \| Wirtschaft \| Verbraucherverhalten \| Adverse Selektion \| Information \| information

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Extent:	160768 bytes 23 p. application/pdf
Series:	IOWA State University - Department of Economics - Working Papers Working Paper No. 09026
Type of publication:	Book / Working Paper
Language:	English
Classification:	Sociological and psychological aspects ; Consumer behaviour ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009360743