THE PARADOX OF INFORMATION
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Dimitar Kanev: Nikola Vaptsarov Naval Academy, Bulgaria, Department of Management and Logistics
Economics and Management, 2018, vol. 14, issue 1, 59-73
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.
Keywords: information; behavioral failures; dual thinking (search for similar items in EconPapers)
JEL-codes: D03 D83 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:neo:journl:v:14:y:2018:i:1:p:59-73
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