Information is bad for us is because of overcausation. You like the word “because.” You want to know why. When you read a report you always have “because” attached to it. Your brain cannot ingest information unless you stick “because” in it; people won’t pay attention otherwise. That’s why journalists use it. When you read The Wall Street Journal or The New York Times, they say the market went up on whatever reason. Oil prices went down, so the market went up. People like that because it gives them some form of story, you see a link between these two events. The thing is, it may work that way, it may not.
Interview with Nassim Taleb.