Heads in the Sand and Safe Harbors: Biases in Information Gathering About Future Financial Risks

Robert Meyer, University of Pennsylvania, USA
This research investigates biases that arise when consumers have the opportunity to gather information that is informative about the risks of financial investments. Data is reported from a dynamic investment game that shows support for a theorized “head in the sand” effect and a reciprocal “safe harbor” effect.
[ to cite ]:
Robert Meyer (2011) ,"Heads in the Sand and Safe Harbors: Biases in Information Gathering About Future Financial Risks", in NA - Advances in Consumer Research Volume 39, eds. Rohini Ahluwalia, Tanya L. Chartrand, and Rebecca K. Ratner, Duluth, MN : Association for Consumer Research, Pages: 177-178.