Does Information Change Behavior?

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Huffman, Wallace;
  • Subject: moral hazard; information economics; consumer behavior; behavioral economics; adverse selection

This paper reviews and synthesizes the theory of information economics and empirical evidence on how information changes the behavior of consumers, households and firms. I show that consumers respond to new information in food experiments but perhaps not in retirement a... View more
  • References (39)
    39 references, page 1 of 4

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