THE PARADOX OF INFORMATION

DIMITAR KANEV

 

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.

Key words

information, behavioral failures, dual thinking

JEL Codes: D03, D83

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