Journal of Socio-Economics 41:169-179 (2012)
|Abstract||Findings about the desire for health-risk information are heterogeneous and sometimes contradictory. In particular, they seem to be at variance with established psychological theories of information-seeking behavior.The present paper posits the decision about treating illness with medicine as the causal determinant for the expected net value of information, and attempts to explain idiosyncrasies in information-seeking behavior by using the notion of decision sensitivity to incoming information.Furthermore, active information avoidance is explained by modeling the expected emotional distress potentially brought about by “bad news” as a disutility factor in pay-off maximization.In this context two notions of uncertainty are distinguished: an epistemic uncertainty related to the prognostic probability assigned to the risk, and an emotional uncertainty related to the expected damage. Health-risk information can both reduce epistemic and increase emotional uncertainty, giving rise to idiosyncratic processing strategies.|
|Keywords||rational ignoring information value risk information processing|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Peter H. Schwartz (2009). Disclosure and Rationality: Comparative Risk Information and Decision-Making About Prevention. Theoretical Medicine and Bioethics 30 (3):199-213.
Barbara Osimani (2010). Pharmaceutical Risk Communication: Sources of Uncertainty and Legal Tools of Uncertainty Management. Health Risk and Society 12 (5):453-69.
Jaakko Hintikka (1984). Some Varieties of Information. Information Processing and Management 20 (1-2):175-181.
Nir Fresco (2013). Information Processing as an Account of Concrete Digital Computation. Philosophy and Technology 26 (1):31-60.
Orlin Vakarelov (2012). The Information Medium. Philosophy and Technology 25 (1):47-65.
Marty J. Wolf (2013). The Importance of Actualizing Control in the Processing of Instructional Information. Philosophy and Technology 26 (1):67-70.
Nir Fresco (2013). Instructional Information Processing: Replies Considered. [REVIEW] Philosophy and Technology 26 (1):71-72.
Vinod Goel (1991). Notationality and the Information Processing Mind. Minds and Machines 1 (2):129-166.
Varsha Singh & Azizuddin Khan (2008). Heterogeneity in Choices on Iowa Gambling Task: Preference for Infrequent–High Magnitude Punishment. [REVIEW] Mind and Society 8 (1):43-57.
John Cantwell (1998). Resolving Conflicting Information. Journal of Logic, Language and Information 7 (2):191-220.
Gualtiero Piccinini & Andrea Scarantino (2011). Information Processing, Computation, and Cognition. Journal of Biological Physics 37 (1):1-38.
H. Nakashima (1999). AI as Complex Information Processing. Minds and Machines 9 (1):57-80.
Hans Gersbach (1997). Risk and the Value of Information in Irreversible Decisions. Theory and Decision 42 (1):37-51.
Nathan Berg & Ulrich Hoffrage (2010). Compressed Environments: Unbounded Optimizers Should Sometimes Ignore Information. [REVIEW] Minds and Machines 20 (2):259-275.
Chris Westbury (2002). Blind Men, Elephants, and Dancing Information Processors. Behavioral and Brain Sciences 25 (5):645-646.
Sorry, there are not enough data points to plot this chart.
Added to index2012-03-28
Recent downloads (6 months)0
How can I increase my downloads?