| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23958 |
| 来源ID | Working Paper 23958 |
| Information Aversion | |
| Marianne Andries; Valentin Haddad | |
| 发表日期 | 2017-10-23 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The main features of households' attention to savings are rationalized by a model of information aversion, a preference-based fear of receiving flows of news. In line with the empirical evidence, information averse investors observe the value of their portfolios infrequently; inattention is more pronounced for more risk averse investors and in periods of low or volatile stock prices. The model also explains how changes in information frequencies affect risk-taking decisions, as observed in the field and the lab. Further, we find that receiving state-dependent alerts following sharp downturns improves welfare, suggesting a role for financial intermediaries as information managers. |
| 主题 | Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w23958 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581631 |
| 推荐引用方式 GB/T 7714 | Marianne Andries,Valentin Haddad. Information Aversion. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23958.pdf（520KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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