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THE PARADOX OF INFORMATION

Dimitar Kanev
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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

Abstract: 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)
Date: 2018
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