Does Information Change Behavior?

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.


Issue Date:
2009-11
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/55938
Total Pages:
23
Series Statement:
Econ Working Paper
09026




 Record created 2017-04-01, last modified 2017-08-25

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