Rational inattention or rational overreaction? Consumer reactions to health news
Research output: Working paper › Research
Standard
Rational inattention or rational overreaction? Consumer reactions to health news. / Browning, Martin; Hansen, Lars Gårn; Smed, Sinne.
Frederiksberg : Department of Food and Resource Economics, University of Copenhagen, 2013.Research output: Working paper › Research
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - UNPB
T1 - Rational inattention or rational overreaction?
T2 - Consumer reactions to health news
AU - Browning, Martin
AU - Hansen, Lars Gårn
AU - Smed, Sinne
PY - 2013
Y1 - 2013
N2 - We investigate differences in how consumers of fish react to health information in the mass media. We specify a dynamic empirical model that allows for heterogeneity in all basic parameters of consumer behavior as well as in how consumers react to information. We estimate the model using a unique houshold panel tracking consumption, prices, news stories and media habits over 24 quarters. We fi nd that the consumers most likely to be ’rationally ignorant’ of health effects react more dramatically to health news than the consumers who most likely are well informed.
AB - We investigate differences in how consumers of fish react to health information in the mass media. We specify a dynamic empirical model that allows for heterogeneity in all basic parameters of consumer behavior as well as in how consumers react to information. We estimate the model using a unique houshold panel tracking consumption, prices, news stories and media habits over 24 quarters. We fi nd that the consumers most likely to be ’rationally ignorant’ of health effects react more dramatically to health news than the consumers who most likely are well informed.
M3 - Working paper
T3 - IFRO Working Paper
BT - Rational inattention or rational overreaction?
PB - Department of Food and Resource Economics, University of Copenhagen
CY - Frederiksberg
ER -
ID: 54585817