Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261650 
Year of Publication: 
2021
Citation: 
[Journal:] International Journal of Business Science & Applied Management (IJBSAM) [ISSN:] 1753-0296 [Volume:] 16 [Issue:] 1 [Publisher:] International Journal of Business Science & Applied Management [Place:] s.l. [Year:] 2021 [Pages:] 86-132
Publisher: 
International Journal of Business Science & Applied Management, s.l.
Abstract: 
We tested the influence of time pressure and to what extent time pressure interacts with the contextual factors ("payoff scheme" and "level of costs for information that can be acquired") in three laboratory experiments. Participants had to decide how many pieces of information they wanted to purchase non-sequentially in order to make a decision under uncertainty. Our findings indicate that under time pressure, individuals acquire less information. Moreover, while we found no effect of time pressure with a negative payoff scheme, higher levels of information costs suppress the willingness to acquire information.
Subjects: 
information acquisition
decision-making
amount of information
time pressure
payoff scheme
information costs
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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