relevant information; on the role played by probing into candidates' past; and on the possibility of crowding out desirable …

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 …

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 …

We study a model of collective decision making with endogenous information collection.Agents collect information about … collecting information. …

successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent … identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning …

Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information …

. It also provides extra information to `markets' that evaluate decision-makers: comparisons become possible. We identify …

incomplete information into games of complete information. Itargues that while the conception of the individual in games of … complete information offerspotential advances over the problematic neoclassical conception of the individual, Harsanyi …'smore realistic incomplete information games framework essentially re-introduces the difficultiesfrom the neoclassical conception. A …