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, alongside the products' prices. Furthermore, we study how consumers integrate the usage of ratings with other information … provided from other sources. Halfway through the experiment, we provide information regarding the underlying value behind the … ratings. Using a between-subject design, we modify the information provided and analyze the impact of such information on the …
Persistent link: https://www.econbiz.de/10014512915
Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...
Persistent link: https://www.econbiz.de/10012887895
Persistent link: https://www.econbiz.de/10001639536
Persistent link: https://www.econbiz.de/10001647226
We study a model of collective decision making with endogenous information collection.Agents collect information about … collecting information. …
Persistent link: https://www.econbiz.de/10011325966
The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats … one cause yields full information collection atminimum costs. This provides a rationale for advocacy in politicaland … judicial systems. In this paper, we provide a rationale forthe sequential nature of information collection in advocacysystems …
Persistent link: https://www.econbiz.de/10011326399
The paper studies information processing imperfections in a fully rational decision-making network. It is shown that … imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information …
Persistent link: https://www.econbiz.de/10011335195
(employer). Productivity is private information to the senders, and the receiver processes imperfect signals (applications) to … screen among applicants. The information-processing technology is imperfect: the accuracy of each signal in predicting the …, information overload occurs as there exist equilibria in which too many people apply and the receiver neglects some applications …
Persistent link: https://www.econbiz.de/10011337401
In many workplaces co-workers have the best information about each other's effort. Managers may attempt to exploit this … information through peer evaluation. I study peer evaluation in a pure moral hazard model of production by two limitedly liable …
Persistent link: https://www.econbiz.de/10011380732
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be …
Persistent link: https://www.econbiz.de/10011386442