Florian Zimmerman. Clumped or Piecewise? - Evidence on Preferences for Information.

Florian Zimmerman. Clumped or Piecewise? - Evidence on Preferences for Information.

The selection and processing of information is a key element in virtually all areas of economic decision-making. Individuals facing economic choices, e.g., investing in education, choosing an optimal health insurance plan, buying a house or deciding how much to save for the future, need to choose sources of potentially helpful information and process this
information to be able to make an informed decision. Likewise, economic choices a ect the kind, structure and timing of information decision-makers will receive. A decision to participate in a risky enterprise implies, that the decision-maker will receive news about the success or failure of the enterprise in the future.


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Keywords: Information Economy, Experimental Economics

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