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Andries, Marianne and Haddad, Valentin (2020) Information Aversion. Journal of Economic Literature, 128 (5). pp. 1901-1939.

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Identification Number : 10.1086/705668.

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.

Item Type: Article
Language: English
Date: 2020
Refereed: Yes
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 10 Dec 2020 15:32
Last Modified: 27 Oct 2021 13:37
OAI Identifier: oai:tse-fr.eu:122987
URI: https://publications.ut-capitole.fr/id/eprint/32480

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