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| Title: | Does Information Change Behavior? |
| Authors: | Huffman, Wallace E. |
| Keywords: | Information economics
consumer behavior
behavioral economics
moral hazard
adverse
selection. |
| Issue Date: | 2009-11 |
| Series/Report no.: | Econ Working Paper
09026 |
| Abstract: | 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. |
| URI: | http://purl.umn.edu/55938 |
| Institution/Association: | Iowa State University>Department of Economics>Working Papers |
| Total Pages: | 23 |
| Collections: | Working Papers
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Size | Format |
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| paper_13128_09026.pdf | | 157Kb | PDF | View/Open |
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