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Similarly, the volatility ostrich effect implies a preference for late information and a higher volatility risk premium when future stock market volatility is expected to be high. In contrast, the direction of Epstein Zin information timing preferences is constant over time. 7 Thus, our results suggest new directions for asset pricing modeling. Our investigation of attention has several motivations. Our first motivation is that patterns in attention are a window into information dependent utility. Karlsson, Loewenstein, and Seppi 2009 present a decision theoretic model of optimal attention for investors whose utility depends, in part, directly on information.

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htm Blogcritics Daily updated reviews of books, movies and other media from experienced bloggers from around the web. Review. Readerville Excellent site for general non fiction reading groups and forums, by former editors of Salon. Features reviews, book picks, bookgroups and interviews. Announcement in the "Hot off the press" forum. Mindconnection The purpose of the company is to provide tools and resources for the knowledge worker.

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, Berson, I. R. , Jaruszewicz, C. , Hartle, L. and Rosen, D. 2010.