Experimental Evidence on Preferences for Information

In a recent paper, Koszegi and Rabin (2009) make a novel prediction about people's attitudes towards noninstrumental information, i.e. information about fixed but unknown future outcomes. People prefer to get information clumped together rather than piecewise. We use a controlled lab experiment to examine this prediction. With three different experimental designs, we find no evidence in support of the model by Koszegi and Rabin.

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Year of publication:	2010
Authors:	Zimmermann, Florian
Publisher:	Frankfurt a. M. : Verein für Socialpolitik

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Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Experimental Tests of Theories and Institutions ; D13-V3
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	English
Other identifiers:	655827218 [GVK] hdl:10419/37214 [Handle]
Classification:	C91 - Laboratory, Individual Behavior ; D01 - Microeconomic Behavior: Underlying Principles ; D80 - Information and Uncertainty. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010270741