eprintid: 3146
rev_number: 6
eprint_status: archive
userid: 1050
dir: disk0/00/00/31/46
datestamp: 2007-05-09
lastmod: 2019-09-28 20:12:51
status_changed: 2007-11-07 02:00:29
type: paper
metadata_visibility: show
abstract: Research in psychology suggests that some individuals are more sensitive to
positive than to negative information while others are more sensitive to negative
rather than positive information. I take these cognitive positive-negative
asymmetries in information processing to a Bayesian decision-theory model and
explore its consequences in terms of decisions and payoffs. I show that in monotone
decision problems economic agents with more positive-responsive information
structures are always better off, ex-ante, when they face problems where
payoffs are relatively more sensitive to the action chosen when the state of nature
is favorable.
creators_name: Santos-Pinto, Luís
creators_id: lspinto@fe.unl.pt
date: 2003-01-08
date_issue: 2003-01-08
date_revision: 2007-04-27
file_format: pdf
file_url: http://mpra.ub.uni-muenchen.de/3146/01/MPRA_paper_3146.pdf
full_text_status: public
identifierabstract: http://mpra.ub.uni-muenchen.de/3146/
institutions: Universidade Nova de Lisboa
institution: Universidade Nova de Lisboa
ispublished: unpub
keywords: Information Processing; Decision Theory
language: en
pages: 20
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subjects: D81
subjects: A12
title: Asymmetries in information processing in a decision theory framework
citation:   Santos-Pinto, Luís  (2003): Asymmetries in information processing in a decision theory framework.    
document_url: https://mpra.ub.uni-muenchen.de/3146/1/MPRA_paper_3146.pdf