The ostrich effect: Selective attention to information

By N. Karlsson, George Loewenstein, Duane J. Seppi. 2009

584 citations recorded by the source corpus.

Subfields: Finance, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/ec4667e98276d3ecf1195dd9ae24d2d1ec72dbee

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Citations in the corpus

Mindful Economics: The Production, Consumption, and Value of Beliefs (2016, background): “Similarly, investors studied in Karlsson, Loewenstein, and Seppi (2009) go online to look up the value of their portfolios much more on days when the market as a whole is up.”
Does It Pay to Pay Attention (2018, unknown): “The only studies that obtain direct measures of investor attention at the individual level – and are therefore closest to ours – are Karlsson, Loewenstein, and Seppi (2009), and Sicherman et al. (2016).”
‘The Ostrich Problem’: motivated avoidance or rejection of information about goal progress (2013, background): “Karlsson et al. (2009) suggest that”
Information Gaps: A Theory of Preferences Regarding the Presence and Absence of Information (2018, background): “…em in at ed br oa dl y. comes are sufficiently negative, information would be avoided.24 This “ostrich effect” when anticipating bad outcomes is consistent with a growing body of empirical evidence (see, e.g., Eil & Rao, 2011; Falk & Zimmermann, 2016; Ganguly & Tasoff, 2016; Karlsson et al., 2009).”
Groupthink: Collective Delusions in Organizations and Markets (2013, background): “…display a good-news / bad news asymmetry, both in the recall of their portfolios’past returns (Goetzman and Peles (1997)) and in informational decisions, where far more go online to look up the value of their portfolios on days when the market is up than when it is down (Karlsson et al. (2009)).”
Psychological foundations of dynamic capabilities: Reflexion and reflection in strategic management (2009, background): “However, recent research in neuroeconomics shows that people actively try to shield themselves from information that causes psychological discomfort, the so-called ‘ostrich effect’ of burying one’s head in the sand (Karlsson, Loewenstein, and Seppi, 2009).”
The Demand for, and Avoidance of, Information (2015, unknown): “, 1998; Dillenberger, 2010) or disappointment aversion (e.g., Köszegi, 2006; Karlsson et al., 2009; Köszegi, 2010).”
Investor Attention and Stock Returns (2020, unknown): “This phenomenon, called selective attention or the ostrich effect, is introduced by Karlsson, Loewenstein, and Seppi (2009).”
Disclosure: Psychology Changes Everything (2014, unknown): “Research on investor log-ins, for example, shows that investors tend to log in and look up the value of their portfolios after a rise in the market, but put their heads in the sand after the market declines (Karlsson et al. 2009, Sicherman et al. 2013).”