期刊
JOURNAL OF ECONOMIC PSYCHOLOGY
卷 39, 期 -, 页码 426-438出版社
ELSEVIER
DOI: 10.1016/j.joep.2013.10.001
关键词
News; Consumer sentiment; Consumption; Negativity bias
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. (C) 2013 Elsevier B.V. All rights reserved.
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