Emotional decision-makers and anomalous attitudes towards information
نویسندگان
چکیده
منابع مشابه
Emotional Decision-Makers and Anomalous Attitudes towards Information∗
We use a simple version of the Psychological Expected Utility Model (Caplin and Leahy, QJE, 2001) to analyze the optimal choice of information accuracy by an individual who is concerned with anticipatory feeling. The individual faces the following trade-off: on the one hand information may lead to emotional costs, on the other the higher the information accuracy, the higher the efficiency of de...
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ژورنال
عنوان ژورنال: Journal of Risk and Uncertainty
سال: 2010
ISSN: 0895-5646,1573-0476
DOI: 10.1007/s11166-010-9092-y