In capital markets, information disclosure is required to reduce information asymmetry among investors. On the other … hand, information held by some market participants is useful for firms' decision making, and the feedback effect, in which … information is obtained from prices and used for decision making, has attracted attention in recent years. This feedback effect is …

When an agent receives information from a source whose accuracy might be either high or low, standard theory dictates … uncertain sources. A theory of belief updating where agents are insensitive and averse to uncertainty in information accuracy …

We study the design of contracts that incentivize experts to collect information and truthfully report it to a decision … contracts by comparing the value of information and its cost. …