Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10001998982
Persistent link: https://www.econbiz.de/10008856961
Persistent link: https://www.econbiz.de/10008856963
We commonly think of information as a means to an end. However, a growing theoretical and experimental literature suggests that information may directly enter the agent's utility function. This can create an incentive to avoid information, even when it is useful, free, and independent of...
Persistent link: https://www.econbiz.de/10013004174
We propose and experimentally test a new theory of information seeking and avoidance. Beyond the conventional desire for information as an input to decision making, people are driven by curiosity, which is a desire to fill information gaps, even in the absence of material benefits. People are...
Persistent link: https://www.econbiz.de/10012857190
Persistent link: https://www.econbiz.de/10011863403
Attention utility is the hedonic pleasure or pain derived purely from paying attention to information. Using data on brokerage account logins by individual investors, we show that individuals devote disproportionate attention to already-known positive information about the performance of...
Persistent link: https://www.econbiz.de/10012162488
Persistent link: https://www.econbiz.de/10012039758
Disclosure is often proposed as a remedy for conflicts of interest, but it can backfire, hurting those whom it is intended to protect. Building on our prior research, we introduce a conceptual model of disclosure's effects on advisors and advice recipients that helps to explain when and why it...
Persistent link: https://www.econbiz.de/10013141329