This paper examines simple parimutuel betting games under asymmetric information,with particular attention to … bettors and the quality of their private information. Therealways exists a separating equilibrium, in which all bettors follow …, earlier bets have information externalities, because they may reveal privateinformation of bettors. They also have payoff …

This paper examines finite parimutuel betting games with asymmetric information, with particular attention to … the number of bettors and the quality of their private information. There alwaysexists a separating equilibrium, where all … cases (rational and myopic betting), due to theinteraction between information externalities generated by observational …

information, oligopoly models withasymmetrically informed firms being no exception. We dispose of the common prior assumptionin a …

. Experimentaltreatments in our first study differ in terms of the level of public information on past departurerates and the relative cost of …, subjects’ capacity to coordinate is neitheraffected by the availability of public information on past departure rates nor by …

We propose an experimental design allowing a behavioral test of the axiom ofcompleteness of individual preferences. The …

. Experimental provision of return and cost information significantly increases educational aspirations. However, it does not close … the aspiration gap as university graduates respond even more strongly to the information treatment. Persistent effects in … a follow-up survey indicate that participants indeed process and remember the information. Differences in economic …

To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strong positive information treatment effect, which is increased further by informing about policy effectiveness. …

about the university earnings premium. To test whether public support for tuition depends on earnings information, we devise … opposing tuition. Providing information on the university earnings premium raises support for tuition by 7 percentage points …, turning the plurality in favor. The opposition-reducing effect persists two weeks after treatment. Information on fiscal costs …

Public preferences for charging tuition are important for determining higher education finance. To test whether public … support for tuition depends on information and design, we devise several survey experiments in representative samples of the … German electorate (N>19,500). The electorate is divided, with a slight plurality opposing tuition. Providing information on …