The Demand for, and Avoidance of, Information
Published Online:15 Dec 2021https://doi.org/10.1287/mnsc.2021.4244
References
- (2018) Performance curiosity. J. Econom. Psych. 64:1–17.Crossref, Google Scholar
- (2020) Information aversion. J. Political Econom. 128(5):1901–1939.Crossref, Google Scholar
- (1990) Knowing for the sake of knowing: The value of prognostic information. Medical Decision Making 10(1):47–57.Crossref, Google Scholar
- (2013) Groupthink: Collective delusions in organizations and markets. Rev. Econom. Stud. 80(2):429–462.Crossref, Google Scholar
- (2002) Self-confidence and personal motivation. Quart. J. Econom. 117(3):871–915.Crossref, Google Scholar
- (1954) A theory of human curiosity. British J. Psych. 45(3):180–191.Google Scholar
- (2015) Click bait: Forward-reference as lure in online news headlines. J. Pragmatics 76:87–100.Crossref, Google Scholar
- (2005) Optimal expectations. Amer. Econom. Rev. 95(4):1092–1118.Crossref, Google Scholar
- (2013) Overconfidence and social signalling. Rev. Econom. Stud. 80(3):949–983.Crossref, Google Scholar
- (2020) The neuroeconomics of epistemic curiosity. Current Opinion Behav. Sci. 35:141–149.Crossref, Google Scholar
- (2013) Entropy and the value of information for investors. Amer. Econom. Rev. 103(1):360–377.Crossref, Google Scholar
- (1989) The curse of knowledge in economic settings: An experimental analysis. J. Political Econom. 97(5):1232–1254.Crossref, Google Scholar
- (2001) Psychological expected utility theory and anticipatory feelings. Quart. J. Econom. 116(1):55–79.Crossref, Google Scholar
- (2018) Valuation of knowledge and ignorance in mesolimbic reward circuitry. Proc. Natl. Acad. Sci. USA 115(31):E7255–E7264.Crossref, Google Scholar
- (2015) The underappreciated drive for sense-making. J. Econom. Behav. Organ. 126:137–154.Crossref, Google Scholar
- (1991) Elements of Information Theory (Wiley, New York).Crossref, Google Scholar
- (2007) Exploiting moral wiggle room: Experiments demonstrating an illusory preference for fairness. Econom. Theory 33(1):67–80.Crossref, Google Scholar
- (2001) The Attention Economy: Understanding the New Currency of Business (Harvard Business School Press, Cambridge, MA).Crossref, Google Scholar
- (2010) Preferences for one-shot resolution of uncertainty and allais-type behavior. Econometrica 78(6):1973–2004.Crossref, Google Scholar
- (2021) Curiosity is contagious: A social influence intervention to induce curiosity. Cognitive Sci. 45(2):e12937.Crossref, Google Scholar
- (2011) The good news-bad news effect: Asymmetric processing of objective information about yourself. Amer. Econom. J. Microeconomics 3(2):114–138.Crossref, Google Scholar
- (2010) Paying for confidence: An experimental study of the demand for non-instrumental information. Games Econom. Behav. 70(2):304–324.Crossref, Google Scholar
- (2006) Can anticipatory feelings explain anomalous choices of information sources? Games Econom. Behav. 56(1):87–104.Crossref, Google Scholar
- (2015) Suspense and surprise. J. Political Econom. 123(1):215–260.Crossref, Google Scholar
- (2016) Beliefs and utility: Experimental evidence on preferences for information. Working Paper No. 6061, CESifo, Munich.Google Scholar
- (2009) Statistical power analyses using G*Power 3.1: Tests for correlation and regression analyses. Behav. Res. Methods 41(4):1149–1160.Crossref, Google Scholar
- (2006) Costly information acquisition: Experimental analysis of a boundedly rational model. Amer. Econom. Rev. 96(4):1043–1068.Crossref, Google Scholar
- (2016) Fantasy and dread: The demand for information and the consumption utility of the future. Management Sci. 63(12):4037–4060.Link, Google Scholar
- (2017) Cassandra’s regret: The psychology of not wanting to know. Psych. Rev. 124(2):179–196.Crossref, Google Scholar
- (2018a) Information gaps: A theory of preferences regarding the presence and absence of information. Decision 5(3):143–164.Crossref, Google Scholar
- (2018b) The desire for knowledge and wisdom. Gordon G, ed. The New Science of Curiosity (Nova, Hauppauge, NY), 37–42.Google Scholar
- (2021) Information gaps for risk and ambiguity. Psych. Rev. 128(1):86–103.Crossref, Google Scholar
- (2017) Information avoidance. J. Econom. Literature 55(1):96–135.Crossref, Google Scholar
- (2014) Attention, reward, and information seeking. J. Neuroscience 34(46):15497–15504.Crossref, Google Scholar
- (2013) Information seeking, curiosity and attention: Computational and empirical mechanisms. Trends Cognitive Sci. 17(11):585–593.Crossref, Google Scholar
- (1998) Intrinsic preference for information. J. Econom. Theory 83(2):233–259.Crossref, Google Scholar
- (2016) Homo ignorans: Deliberately choosing not to know. Perspect. Psych. Sci. 11(3):359–372.Crossref, Google Scholar
- (2020) Deliberate Ignorance (MIT Press, Cambridge, MA).Google Scholar
- (2008) The devil you know: Neuroticism predicts neural response to uncertainty. Psych. Sci. 19(10):962–967.Crossref, Google Scholar
- (1979) The analytics of uncertainty and information—an expository survey. J. Econom. Literature 17(4):1375–1421.Google Scholar
- (2021) Measuring information preferences. Management Sci. 67(1):126–145.Link, Google Scholar
- (2016) How is information (under-) valued? Evidence from framed field experiments. Econom. J. 126(595):1884–1911.Google Scholar
- (2016) The pandora effect: The power and peril of curiosity. Psych. Sci. 27(5):659–666.Crossref, Google Scholar
- (1973) Attention and Effort (Prentice Hall, Englewood Cliffs, NJ).Google Scholar
- (2009) The wick in the candle of learning: Epistemic curiosity activates reward circuitry and enhances memory. Psych. Sci. 20(8):963–973.Crossref, Google Scholar
- (2009) The ostrich effect: Selective attention to information. J. Risk Uncertainity 38(2):95–115.Crossref, Google Scholar
- (2015) The psychology and neuroscience of curiosity. Neuron 88(3):449–460.Crossref, Google Scholar
- (2006) Ego utility, overconfidence, and task choice. J. Eur. Econom. Assoc. 4(4):673–707.Crossref, Google Scholar
- (2010) Utility from anticipation and personal equilibrium. Econom. Theory 44(3):415–444.Crossref, Google Scholar
- (1978) Temporal resolution of uncertainty and dynamic choice theory. Econometrica 46(1):185–200.Crossref, Google Scholar
- (2009) The paradox of alypius and the pursuit of unwanted information. J. Experiment. Soc. Psych. 45(6):1173–1179.Crossref, Google Scholar
- (2015) Persuasion, interrupted: The effect of momentary interruptions on message processing and persuasion. J. Consumer Res. 42(2):300–315.Google Scholar
- (2010) Presentation and validation of the Radboud Faces Database. Cognition Emotion 24(8):1377–1388.Crossref, Google Scholar
- (2016) Curiosity killed the cat, but makes crowdwork better. Proc. 2016 CHI Conf. Human Factors Comput. Systems (ACM, San Jose, CA), 4098–4110.Google Scholar
- (2020) A functional approach to explanation-seeking curiosity. Cognitive Psych. 119:101276.Crossref, Google Scholar
- (1994) The psychology of curiosity: A review and reinterpretation. Psych. Bull. 116(1):75–98.Crossref, Google Scholar
- (2014) Disclosure: Psychology changes everything. Annual Rev. Econom. 6:391–419.Crossref, Google Scholar
- (2010) The Extended Cohn-Kanade Data Set (CK+): A complete data set for action unit and emotion-specified expression. 2010 IEEE Comput. Soc. Conf. Comput. Vision Pattern Recognition Workshops, 94–101.Google Scholar
- (2015) The Chicago face database: A free stimulus set of faces and norming data. Behav. Res. Methods 47(4):1122–1135.Crossref, Google Scholar
- (2022) Managing self-confidence: Theory and experimental evidence. Management Sci. Forthcoming.Google Scholar
- (2017) The ostrich in us: Selective attention to financial accounts, income, spending, and liquidity. NBER Working Paper No. 23945, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2013) Optimal expectations and limited medical testing: Evidence from Huntington disease. Amer. Econom. Rev. 103(2):804–830.Crossref, Google Scholar
- (2018) A news-utility theory for inattention and delegation in portfolio choice. Econometrica 86(2):491–522.Crossref, Google Scholar
- (2004) Effects of risk and time preference and expected longevity on demand for medical tests. J. Risk Uncertainity 28(1):39–53.Crossref, Google Scholar
- (2018) The teasing effect: An underappreciated benefit of creating and resolving an uncertainty. J. Marketing Res. 55(4):556–570.Crossref, Google Scholar
- (1948) A mathematical theory of communication. Bell System Tech. J. 27(3):379–423.Crossref, Google Scholar
- (2020) How people decide what they want to know. Nature Human Behav. 4(1):14–19.Crossref, Google Scholar
- (2015) Financial attention. Rev. Financial Stud. 29(4):863–897.Crossref, Google Scholar
- (1971) Designing Organizations for an Information-Rich World (Johns Hopkins University Press, Baltimore, MD).Google Scholar
- (2009) Happily hopeless: Adaptation to a permanent, but not to a temporary, disability. Health Psych. 28(6):787–791.Crossref, Google Scholar
- (1961) The economics of information. J. Political Econom. 69(3):213–225.Crossref, Google Scholar
- (2008) The demand for, and impact of, learning HIV status. Amer. Econom. Rev. 98(5):1829–1863.Crossref, Google Scholar
- (2007) When curiosity killed regret: Avoiding or seeking the unknown in decision-making under uncertainty. J. Experiment. Soc. Psych. 43(4):656–662.Crossref, Google Scholar
- (2018) How curiosity can be modeled for a clickbait detector. Preprint, submitted June 11, https://arxiv.org/abs/1806.04212v1.Google Scholar
- (2020) Surprised-curious-confused: Epistemic emotions and knowledge exploration. Emotion 20(4):625–641.Crossref, Google Scholar
- (1988) Nonexpected utility as aversion of information. J. Behav. Decision Making 1(3):169–175.Crossref, Google Scholar
- (2005) The pleasures of uncertainty: Prolonging positive moods in ways people do not anticipate. J. Personality Soc. Psych. 88(1):5–21.Crossref, Google Scholar
- (2018) Closing your eyes to follow your heart: Avoiding information to protect a strong intuitive preference. J. Personality Soc. Psych. 114(2):230–245.Crossref, Google Scholar
- (2018) Circumventing resistance to novel information: Piquing curiosity through strategic information revelation. J. Experiment. Soc. Psych. 76:81–87.Crossref, Google Scholar

