We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

. 2) It yields a positive information rent effect exactly when demand is convex. 3) Firms benefit from regulatory risk … ; regulatory risk ; benevolent regulators ; information rents …

information worthwhile, is an intricate question. The concept of the value of information (VoI) is a convenient tool to address … VoI. These insights may help decide on information acquisition in the presence of substantial uncertainties and sparse …

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

and theoretically in a very simple framework, how individuals initially learn by exploiting information from the pay …

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is … biases generate prior-dependent information preferences, such that agents may avoid information when being unconfident but … are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

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 …