Can anticipatory feelings explain anomalous choices of information sources?
成果类型：
Article
署名作者：
Eliaz, Kfir; Spiegler, Ran
署名单位：
New York University; Tel Aviv University
刊物名称：
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN：
0899-8256
DOI：
10.1016/j.geb.2005.06.004
发表日期：
2006
页码：
87-104
关键词：
摘要：
The well-being of agents is often directly affected by their beliefs, in the form of anticipatory feelings such as anxiety and hopefulness. Economists have tried to model this effect by introducing beliefs as arguments in decision makers' vNM utility function. One might expect that such a model would be capable of explaining anomalous attitudes to information that we observe in reality. We show that the model has several shortcomings in this regard, as long as Bayesian updating is retained. (c) 2005 Elsevier Inc. All rights reserved.