behavior of others. This may lead to welfare-reducing 'overreactions' to public signals. We present an experiment based on a …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …

challenges and design recommendations that may be of help for practitioners planning to conduct an information experiment. We …

optimal production decision after experimentation, we find over-experimentation to be optimal. The asymmetric information …

’ reviews on social media platforms in search for trustworthy sellers. We present a natural field experiment that examines the …

We report the results of an experiment on selective exposure to information. A decision maker interested in learning … informed on the state, they report it truthfully; when uninformed, they report their favorite state. A Bayesian decision maker … source even when prior beliefs are strongly unbalanced and this source is less informative. Our experiment suggests that base …

decision maker's prior information to be asymmetric across choices. In this paper, I solve the RI-logit model analytically for …, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i …