Intrinsic Information Preferences and Skewness
AbstractWe examine whether people have an intrinsic preference for negatively skewed or positively skewed information structures and how these preferences relate to intrinsic preferences for informativeness. The results from lab experiments show a strong intrinsic preference for positively skewed information and suggest that providing such information can improve information uptake. Evidence from field studies in decision- and ego-relevant contexts replicates these findings. We discuss our findings through the lens of existing theories and the potential trade-offs in information provision policies.
CitationMasatlioglu, Yusufcan, Yeşim Orhun, and Collin Raymond. 2023. "Intrinsic Information Preferences and Skewness." American Economic Review, 113 (10): 2615-44. DOI: 10.1257/aer.20171474
- C91 Design of Experiments: Laboratory, Individual
- C93 Field Experiments
- D12 Consumer Economics: Empirical Analysis
- D82 Asymmetric and Private Information; Mechanism Design
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness