Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/159400 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Quaderni - Working Paper DSE No. 559
Verlag: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Zusammenfassung: 
We analyse a model of patient decision-making where anxiety about the future characterizes the patient's utility function. Anxiety corresponds to fear of bad news and results in the patient being averse to information. First, the patient chooses the accuracy of a signal which discloses information on his health status. Then he up-dates his beliefs according to Bayes's rule and chooses an action. We show that the choice of imprecise information can be optimal because it allows the patient to trade off the damage deriving from complete ignorance with the anxiety raised by the news about his health level.
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