@article{publications32480,
          volume = {128},
          number = {5},
          author = {Marianne Andries and Valentin Haddad},
           title = {Information Aversion},
       publisher = {American Economic Association},
         journal = {Journal of Economic Literature},
           pages = {1901--1939},
            year = {2020},
             url = {https://publications.ut-capitole.fr/id/eprint/32480/},
        abstract = {Information aversion, a preference-based fear of news flows, has rich implications for decisions involving information and risk-taking. It can explain key empirical patterns on how households pay attention to savings, namely that investors observe their portfolios infrequently, particularly when stock prices are low or volatile. Receiving state-dependent alerts following sharp market downturns such as during the financial crisis of 2008 improves welfare. Information averse investors display an ostrich behavior: overhearing negative news prompts more inattention. Their fear of frequent news encourages them to hold undiversified portfolios.}
}