Abstract
We examine strategic self-ignorance—the use of ignorance as an excuse to over-indulge in pleasurable activities that may be harmful to one’s future self. Our model shows that guilt aversion provides a behavioral rationale for present-biased agents to avoid information about negative future impacts of such activities. We then confront our model with data from an experiment using prepared, restaurant-style meals—a good that is transparent in immediate pleasure (taste) but non-transparent in future harm (calories). Our results support the notion that strategic self-ignorance matters: nearly three of five subjects (58%) chose to ignore free information on calorie content, leading at-risk subjects to consume significantly more calories. We also find evidence consistent with our model on the determinants of strategic self-ignorance.
| Original language | English |
|---|---|
| Pages (from-to) | 117-136 |
| Number of pages | 20 |
| Journal | Journal of Risk and Uncertainty |
| Volume | 52 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2016 Apr 15 |
Subject classification (UKÄ)
- Economics
Free keywords
- Strategic ignorance
- Calorie information avoidance
- Guilt aversion
- Self-control
- D03
- D81
- D83