<p>The classic paper on preferences over the timing of information revelation is <a href="http://www.jstor.org/stable/1913656" rel="nofollow noreferrer">Kreps and Porteus (1978)</a>. This seems to capture at least a little, if not most, of what you seem to be describing, so you should definitely have a look.</p>

<p><a href="http://nrs.harvard.edu/urn-3:HUL.InstRepos:12967691" rel="nofollow noreferrer">Strzalecki</a> also has a nice paper connecting Kreps-Porteus to the various modern approaches to preferences under ambiguity.</p>

CC BY-SA 3.0
2016-12-31T05:26:03.717Z
2016-12-31T05:26:03.717Z
Theoretical Economist
<p>Does anyone know of some papers that look at how risk preferences affect demand for information (or related topics about the connection between risk and Information)? I took an information economics class a while ago and misplaced the syllabus.</p>

<p>I can remember that some classical models predicted that higher risk aversion leads to lower consumption for information. My professor remarked that this seemed pretty counter-intuitive, and might be a result of a fundamental mis-specification in modeling information. Thoughts? I'd also be interested in experiments that look at this problem empirically. Thanks!</p>

<reference-request><information>
Risk and Information
YAK
# Risk and Information

(Asked by: username_0 on 2016-12-31)

Does anyone know of some papers that look at how risk preferences affect demand for information (or related topics about the connection between risk and Information)? I took an information economics class a while ago and misplaced the syllabus.

I can remember that some classical models predicted that higher risk aversion leads to lower consumption for information. My professor remarked that this seemed pretty counter-intuitive, and might be a result of a fundamental mis-specification in modeling information. Thoughts? I'd also be interested in experiments that look at this problem empirically. Thanks!

**Tags:** reference-request, information


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## 1 answers

### Answer by username_1 on 2016-12-31. Score: 3

The classic paper on preferences over the timing of information revelation is [Kreps and Porteus (1978)](http://www.jstor.org/stable/1913656). This seems to capture at least a little, if not most, of what you seem to be describing, so you should definitely have a look.

[Strzalecki](http://nrs.harvard.edu/urn-3:HUL.InstRepos:12967691) also has a nice paper connecting Kreps-Porteus to the various modern approaches to preferences under ambiguity.


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