Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future …, however, is not uniform but depends on context. When the environment allows subjects to not focus attention on (negative …

and treat correlated information as independent. In consequence, people's beliefs are excessively sensitive to well …-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …

"undesirable" values. In laboratory experiments and surveys, I provide causal evidence that consumption can be diagnostic of …

. Using eye-tracking technology, we measure the attention that each individual devotes to each article and ad. Then …, respondents choose between cash or vouchers for the brands advertised. Attention to ads is a predictor both of willingness …-to-pay for brands, and brand recall. The main predictors of attention include the type of news and the match between individual …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions …

Do people anticipate the conditions that enable them to manipulate their beliefs when confronted with unpleasant … information? We investigate whether individuals seek out the "cognitive flexibility" needed to distort beliefs in self …-serving ways, or instead attempt to constrain it, committing to unbiased judgment. Experiments with 6500 participants, including …