Article ID Journal Published Year Pages File Type
7245010 Journal of Economic Psychology 2013 13 Pages PDF
Abstract
We explore the reaction of heterogenous consumers to a range of financial and economic news and find asymmetry in the response to news where consumers react to bad news but not to good news. This asymmetry holds uniformly across heterogeneous consumer groups and is consistent with the popular negativity bias in psychology. We find asymmetric mapping from news to consumer sentiment and from consumer sentiment to aggregate consumption that supports the notion of asymmetric consumption behavior.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Marketing
Authors
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