supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …

supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …

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 …

This paper analyzes the effect of information overload on preference or aversion for variety. According to the model, a … rational decision maker who suffers from information overload, faces a two-stage decision process, and is choosing from a set … conducted, and its results, that subjects suffering from information overload use variety aversion as a strategy to deal with …

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 …

. Depending on the condition, they were given more or less information about the nature of probability compounds. The conjunction …