We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption … consumer-optimal information nudge that is of cutoff type, recommending consumption or abstinence according to the magnitude of …

We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption … consumer-optimal information nudge that is of cutoff type, recommending consumption or abstinence according to the magnitude of …

We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption … consumer-optimal information nudge that is of cutoff type, recommending consumption or abstinence according to the magnitude of …

In the spirit of von Neumann and Morgenstern (1947), this paper provides an axiomatic representation of information … Blackwell informativeness axiom, I show that any ordering over information can be essentially uniquely represented as …, equivalently: (a) a strictly increasing cost of information acquisition; (b) for a given prior, the expected utility from a …