experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …

experimental lab in three different informational settings, and study the role of information in individual decision making. Our … of truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …

Baron and Myerson (1982): the levels of quantity and quality are lower under asymmetric information than under symmetric … information. Unlike their work, however, the price level can be higher or lower under asymmetric information, depending on the …

Suppose competent economists obtain common information on business forecasts, and incompetent economists obtain … independent information. If no one knows who is able, young economists mimic others because a forecast different from others … indicated inability when it proves wrong. An older economist, however, can infer his ability from past information. Those who …

subjects could share information. …