Consider an investment problem with strategic complementarities and incomplete information about returns. This paper … shows that investors aggregate their private information in equilibrium by trading a token and observing its market price … over multiple rounds before making the investment decision. This result is robust to the information environment. The paper …

efficiency of information disclosure in Jordanian financial companies. Based on a sample of 124 respondents, including … XBRL on improving information transparency and efficiency of Jordanian financial companies. XBRL reporting leads to better …, more relevant, reliable, and transparent financial information, simplifying preparing group financial statements. XBRL is …

We report the results of an experiment on selective exposure to information. A decision maker interested in learning … about an uncertain state of the world can acquire information from one of two sources which have opposite biases: when … is better off seeking confirmatory information unless the source biased against the prior is sufficiently more reliable …

How do financial markets acquire information about upcoming monetary policy decisions, beyond their reaction to central … bank signals? This paper hypothesises that sharing information among investors can improve expectations, especially in the …

latent random variable at a cost or extract information embedded in prices. While only partially revealing the realization of …

We study the value of and the demand for instrumentally-valuable information in a simple decision environment where … signals are transparently polarized. We find that in both information aggregation and acquisition, subjects use sophisticated … information rarely end up buying polarized signals and instead overwhelmingly opt for diverse information. The demand for diverse …