Showing 11 - 20 of 819,916
This paper studies the causal effect of providing information about climate changeon individuals’ willingness to pay to offset carbon emissions in a randomizedcontrol trial. Receiving truthful information about ways to reduce CO2 emis-sions increases individuals’ willingness to pay for CO2...
Persistent link: https://www.econbiz.de/10012821798
We review the emerging literature on information acquisition in field settings. We first document an increase in studies on information acquisition and review relevant studies in different subfields of economics, including macroeconomics, political economy, labor economics, health economics, and...
Persistent link: https://www.econbiz.de/10012663074
optimal information acquisition we compare the average utility gain from improved decision making due to information with …
Persistent link: https://www.econbiz.de/10014247561
decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider … two ambiguous urns according to several heuristics. In contrast, personality traits and an individual’s primary decision …Die experimentelle Studie untersucht die individuelle Informationsnachfrage und Entscheidung in Situationen, in denen …
Persistent link: https://www.econbiz.de/10010357825
Using an experiment, we test whether men acquire information about investments differently than women. When information is costly, we find that men purchase more information about investment choices than females and more information increases the likelihood of owning the risky asset. The...
Persistent link: https://www.econbiz.de/10012925041
This paper studies intertemporal information acquisition by agents that are rational Bayesian learners and that dynamically optimize over consumption, investment in capital, and investment in information. The model predicts that investors acquire more information in times when future capital...
Persistent link: https://www.econbiz.de/10013025129
from two studies and three distinct decision tasks, we present data on over 1100 participants documenting the confirmation …
Persistent link: https://www.econbiz.de/10013286207
We study the value of and the demand for instrumentally-valuable information in a simple decision environment where …
Persistent link: https://www.econbiz.de/10014245175
economic decision making under uncertainty. This impact is indirect since differences in personality characteristics lead … decision makers to seek different types of information which alters the decisions they make. We also show that when information … factor that determines choice is a decision maker’s coefficient of risk aversion …
Persistent link: https://www.econbiz.de/10014177100
Short-lived agents want to predict a random variable theta and have to decide how much effort to devote to collect private information and consequently how much to rely on public information. The latter is just a noisy average of past predictions. It is shown that costly information acquisition...
Persistent link: https://www.econbiz.de/10014175723