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Risk information processing and rational ignoring in the health context

Author

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  • Osimani, Barbara

Abstract

Findings about the desire for health-risk information are heterogeneous and sometimes contradictory. In particular, they seem to be at variance with established psychological theories of information-seeking behavior.

Suggested Citation

  • Osimani, Barbara, 2012. "Risk information processing and rational ignoring in the health context," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(2), pages 169-179.
  • Handle: RePEc:eee:soceco:v:41:y:2012:i:2:p:169-179
    DOI: 10.1016/j.socec.2011.10.009
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    References listed on IDEAS

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    1. Louis Eeckhoudt & Philippe Godfroid, 2000. "Risk Aversion and the Value of Information," The Journal of Economic Education, Taylor & Francis Journals, vol. 31(4), pages 382-388, December.
    2. Barbara E. Kahn & Mary Frances Luce, 2003. "Understanding High-Stakes Consumer Decisions: Mammography Adherence Following False-Alarm Test Results," Marketing Science, INFORMS, vol. 22(3), pages 393-410, April.
    3. Ronald W. Hilton, 1981. "The Determinants of Information Value: Synthesizing Some General Results," Management Science, INFORMS, vol. 27(1), pages 57-64, January.
    4. Hanoch, Yaniv, 2002. ""Neither an angel nor an ant": Emotion as an aid to bounded rationality," Journal of Economic Psychology, Elsevier, vol. 23(1), pages 1-25, February.
    5. Urbany, Joel E, 1986. " An Experimental Examination of the Economics of Information," Journal of Consumer Research, Oxford University Press, vol. 13(2), pages 257-271, September.
    6. Eric J. Johnson & John W. Payne, 1985. "Effort and Accuracy in Choice," Management Science, INFORMS, vol. 31(4), pages 395-414, April.
    7. Urbany, Joel E & Dickson, Peter R & Wilkie, William L, 1989. " Buyer Uncertainty and Information Search," Journal of Consumer Research, Oxford University Press, vol. 16(2), pages 208-215, September.
    8. Thomas Lanzi & Jerome Mathis, 2008. "Consulting an Expert with Potentially Conflicting Preferences," Theory and Decision, Springer, vol. 65(3), pages 185-204, November.
    9. Mitchell, Terence R. & Beach, Lee Roy, 1990. ""... Do i love thee? Let me count ..." toward an understanding of intuitive and automatic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 47(1), pages 1-20, October.
    10. Gould, John P., 1974. "Risk, stochastic preference, and the value of information," Journal of Economic Theory, Elsevier, vol. 8(1), pages 64-84, May.
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    12. Wilton, Peter C & Myers, John G, 1986. " Task, Expectancy, and Information Assessment Effects in Information Utilization Processes," Journal of Consumer Research, Oxford University Press, vol. 12(4), pages 469-486, March.
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    Cited by:

    1. Krucien, Nicolas & Ryan, Mandy & Hermens, Frouke, 2017. "Visual attention in multi-attributes choices: What can eye-tracking tell us?," Journal of Economic Behavior & Organization, Elsevier, vol. 135(C), pages 251-267.

    More about this item

    Keywords

    Rational ignoring; Information search; Information value; Health decision-making;

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925

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