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The Paradox Of Information

Author

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  • DIMITAR KANEV

    (Nikola Vaptsarov Naval Academy, Bulgaria, Department of Management and Logistics)

Abstract

Using the Behavioral Economy approach, the article explores the behavioral fundamentals for worsening decision-making in the presence of significant information. The answers are found in ignoring the essential information, the influence of previous behavior and information; activation of wrong heuristics and the adverse effects on social influences and preferences. Arguments from foreign and three own studies are presented.

Suggested Citation

  • Dimitar Kanev, 2018. "The Paradox Of Information," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 14(1), pages 59-73.
    • Handle: RePEc:neo:journl:v:14:y:2018:i:1:p:59-73
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    More about this item

    Keywords

    information; behavioral failures; dual thinking;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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