We combine a survey and an experiment with real pay-out among Peking University students to measure and validate … individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions …

We identify the conditions under which voters can induce political parties to collect information and to select … voting rule should encourage parties to collect information. Voting rules that focus on the opposition party sometimes … information. However, in contrast to office motivated parties, policy motivated parties will sometimes select policies that …

political process and the production of policy relevant information; on the role played by probing into candidates' past; and on …

Collective decision procedures should balance the incentives they provide to acquire information and their capacity to … aggregate private information. In a decision problem in which a project can be accepted or rejected once information about its … the other agent's vote. This in turn determines the decision to acquire information. In the debate about a rational choice …

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective …

-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …