| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7435 |
| DP7435 Aggregate Labor Market Outcomes: The Role of Choice and Chance | |
| Richard Rogerson; Aysegul Sahin; Toshihiko Mukoyama | |
| 发表日期 | 2009-08-23 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are willing to pay for information on the likelihood that this decision is ex-post optimal, even if this information will not affect their decision. Our findings suggest that this demand for non-instrumental information is caused by what we refer to as a "confidence effect": the desire to increase one?s posterior belief by ruling out "bad news", even when such news would have no effect on one?s decision. We conduct various treatments to show that our subjects? behavior is not likely to be caused by an intrinsic preference for information, failure of backward induction or an attempt to minimize thinking costs. |
| 主题 | Industrial Organization |
| 关键词 | Anticipatory feelings Disjunction effect Non-instrumental information Thinking costs |
| URL | https://cepr.org/publications/dp7435 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536269 |
| 推荐引用方式 GB/T 7714 | Richard Rogerson,Aysegul Sahin,Toshihiko Mukoyama. DP7435 Aggregate Labor Market Outcomes: The Role of Choice and Chance. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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