Optimal provision of information about consumption choices in the presence of a cognitive constraint

Alexander Saak ()

Economics Letters, 2016, vol. 145, issue C, 25-28

Abstract: This paper studies how to best inform a consumer about her valuations for multiple goods when the consumer can learn about fewer goods than she can consume. The consumer should learn about the worst and/or best consumption choices. If the number of different goods that the consumer can consume increases, the consumer should learn about a greater number of goods to avoid and fewer goods to select.

Keywords: Information provision; Cognitive constraint; Consumption choice (search for similar items in EconPapers)
JEL-codes: D83 L15 L51 M37 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:145:y:2016:i:c:p:25-28

DOI: 10.1016/j.econlet.2016.05.010

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