This paper analyzes the effect of information overload on preference or aversion for variety. According to the model, a … rational decision maker who suffers from information overload, faces a two-stage decision process, and is choosing from a set … conducted, and its results, that subjects suffering from information overload use variety aversion as a strategy to deal with …

show that observational learning and information sharing shape consumer choices in markedly different ways. Optimal …

This article examines the effects on outcome-expectancies of precise versus vague information across two contexts …, we show that with vague information individuals are more optimistic of outcomes post-action compared to pre-action; this … difference is attenuated with precise information. We term this inconsistency the Blissful Ignorance Effect and show that it …

financial decision? A laboratory experiment investigates the way external information is integrated into the decision making … process. The objective is to explore the link between financial literacy and information acquisition behavior. The results … with a higher demand for external information but give up this strategy when the information environment is restricted to …

This study examines whether the content of buyer information and the timing of its dissemination affects seller market … post prices. The experiment varies the information on price or product characteristics that buyers learn under different … timing assumptions (pre- and post-search), generating four information treatments. Theory predicts that price information …

This paper studies how people make inference about a state of the world when the information structure includes … otherwise irrelevant role of luck. This creates an attribution problem that is common to all information structures with …

Access to morally relevant information could lead to behavioral change, but only if individuals attend to such … information. We investigate this issue in the context of food choices, where the consumption of meat from intensive farming … information on animals' living conditions in intensive farming. When receiving information, subjects significantly reduce their …