Asymmetries in Information Processing in a Decision Theory Framework

Détails

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Etat: Public
Version: de l'auteur⸱e
ID Serval
serval:BIB_C8E2DF2FEF9B
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Asymmetries in Information Processing in a Decision Theory Framework
Périodique
Theory and Decision
Auteur⸱e⸱s
Santos Pinto L.
ISSN
0040-5833
Statut éditorial
Publié
Date de publication
2009
Peer-reviewed
Oui
Volume
66
Numéro
4
Pages
317-343
Langue
anglais
Résumé
Research in psychology suggests that some individuals are more sensitive to positive than to negative information while others are more sensitive to negative rather than positive information. I take these cognitive positive-negative asymmetries in information processing to a Bayesian decision-theory model and explore its consequences in terms of decisions and payoffs. I show that in monotone decision problems economic agents with more positive-responsive information structures are always better off, ex ante, when they face problems where payoffs are relatively more sensitive to the action chosen when the state of nature is favorable.
Mots-clé
Information processing, Decision theory
Web of science
Création de la notice
01/12/2008 22:34
Dernière modification de la notice
20/08/2019 16:43
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