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manpreet![Tuteehub forum best answer]()
Best Answer
3 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!