South Korea’s health officials did not disclose the identities of hospitals exposed to MERS-CoV for the first three weeks of the outbreak in 2015, leading to amplified fear in the society. To ascertain the uncertainty costs due to the failure of timely information provision, we examine the...

Social learning is thought to be a key determinant of the demand for movies. This can be a double-edged sword for motion picture distributors, because when a movie is good, social learning can enhance the effectiveness of movie advertising, but when a movie is bad, it can mitigate this...

Social learning is thought to be a key determinant of the demand for movies, the decisions about whether and when to watch a movie. Through social learning, potential movie-goers learn about the quality of a movie from people who have watched the movie. For example, critics, word-of-mouth...