Does Information Change Behavior?
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
This paper reviews and synthesizes the theory of information economics and empirical
evidence on how information changes the behavior of consumers, households and firms. I show that
consumers respond to new information in food experiments but perhaps not in retirement account
management. Some seeming perverse consumer/investor decision making may be a result of a complex
decision with a low expected payoff.