https://www.cmu.edu/dietrich/sds/docs/loewenstein/InfoAvoidance.pdf
We commonly think of information as a means to an end. However, a growing theo-
retical and experimental literature suggests that information may directly enter the
agent’s utility function. This can create an incentive to avoid information, even when it
is useful, free, and independent of strategic considerations. We review research docu-
menting the occurrence of information avoidance, as well as theoretical and empirical
research on reasons why people avoid information, drawing from economics, psy-
chology, and other disciplines. The review concludes with a discussion of some of the
diverse (and often costly) individual and societal consequences of information avoid-
ance.
(Journal of Economic Literature 2017, 55(1), 96–135
https://doi.org/10.1257/jel.20151245
)
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