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BEDR Workshop: Russell Golman

Tuesday, September 10, 2019 at 11:40am to 1:10pm

Sage Hall, 141
Johnson Graduate School-Management, 106 Sage Hall, Ithaca, NY 14853-6201, USA

Russell Golman - Carnegie Mellon University

Title: The Demand for, and Avoidance of Information

Abstract: We propose and experimentally test a new theory of information seeking and avoidance. Beyond the conventional desire for information as an input to decision making, people are driven by curiosity, which is a desire to fill information gaps, even in the absence of material benefits. People are additionally motivated to seek out information about issues they like thinking about (a “savoring effect”) and avoid information about issues they do not like thinking about (an “ostrich effect”) because information attracts attention. We test and find evidence supporting three of the primary hypotheses derived from our theory: people display stronger demand for information when it seems more important, when it is more salient, and when it has higher valence.

 

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Event Type

Class/ Workshop

Departments

Economics

Tags

economics, EconSeminar, EconBehave, EconBEDR

Contact E-Mail

uab1@cornell.edu

Contact Name

Ulrike Kroeller

Contact Phone

6072554254

Speaker

Russell Golman

Speaker Affiliation

Carnegie Mellon

Open To

Cornell Economics Community (List Serve Members)

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