Incomplete Information and Migration: the Grass is Greener Across the Higher Fence*
研究发现,对于风险中性的个体,对某地信息了解越少反而越吸引其迁入;只有对风险厌恶的贝叶斯个体,信息不足才是迁移障碍。
Abstract. Less information about a location has long been believed to be a barrier to new migration to that location. Diverse empirical results support this belief. Here we show that if agents are risk-neutral, less information about a location not only is not a barrier to migration to that location, it is actually an attractor. Only if agents are Bayesian and risk-averse is less information a barrier.