Rational inattention or rational overreaction? Consumer reactions to health news

Publikation: Working paper › Forskning

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.

Publikation: Working paper › Forskning

Harvard

Browning, M, Hansen, LG & Smed, S 2013 'Rational inattention or rational overreaction? Consumer reactions to health news' Department of Food and Resource Economics, University of Copenhagen, Frederiksberg. <http://econpapers.repec.org/RePEc:foi:wpaper:2013_14>

APA

Browning, M., Hansen, L. G., & Smed, S. (2013). Rational inattention or rational overreaction? Consumer reactions to health news. Department of Food and Resource Economics, University of Copenhagen. IFRO Working Paper Nr. 2013/14 http://econpapers.repec.org/RePEc:foi:wpaper:2013_14

Vancouver

Browning M, Hansen LG, Smed S. Rational inattention or rational overreaction? Consumer reactions to health news. Frederiksberg: Department of Food and Resource Economics, University of Copenhagen. 2013.

Author

Browning, Martin ; Hansen, Lars Gårn ; Smed, Sinne. / Rational inattention or rational overreaction? Consumer reactions to health news. Frederiksberg : Department of Food and Resource Economics, University of Copenhagen, 2013. (IFRO Working Paper; Nr. 2013/14).

Bibtex

@techreport{6dd1a43f1624440da79bda2f2f0a33a3,
title = "Rational inattention or rational overreaction?: Consumer reactions to health news",
abstract = "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 {\textquoteright}rationally ignorant{\textquoteright} of health effects react more dramatically to health news than the consumers who most likely are well informed.",
author = "Martin Browning and Hansen, {Lars G{\aa}rn} and Sinne Smed",
year = "2013",
language = "English",
series = "IFRO Working Paper",
publisher = "Department of Food and Resource Economics, University of Copenhagen",
number = "2013/14",
type = "WorkingPaper",
institution = "Department of Food and Resource Economics, University of Copenhagen",

}

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