Risk and Information

Course Queries Syllabus Queries 2 years ago

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Posted on 16 Aug 2022, this text provides information on Syllabus Queries related to Course Queries. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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manpreet Tuteehub forum best answer Best Answer 2 years ago

Does anyone know of some papers that look at how risk preferences affect demand for information (or related topics about the connection between risk and Information)? I took an information economics class a while ago and misplaced the syllabus.

I can remember that some classical models predicted that higher risk aversion leads to lower consumption for information. My professor remarked that this seemed pretty counter-intuitive, and might be a result of a fundamental mis-specification in modeling information. Thoughts? I'd also be interested in experiments that look at this problem empirically. Thanks!

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