agents who are uncertain about choice payoffs and who have access to a flexible, costly information acquisition technology … the decision maker’s prior information to differ across choices. In this paper, I solve the RI-logit model analytically … exogenous change in prior information, thus extending the model’s applicability to a new range of settings where prior …

”, which ensures that the old information is used correctly after an unforeseen event materializes. We find that participants …

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 does information transmission change when it requires attracting the attention of receivers? This paper combines an … experiments that exogenously expose receivers to the content created. Attention incentives lead to significantly less information … being transmitted, but not more factually inaccurate content. These incentives increase information demand and the knowledge …

defined law of demand for financial information when asset return distributions are conjugate priors to signals such as in the … return prevents Bayesian investors from unbounded information demand even if signals are costless, unless the riskfree asset …