decision. We report results from lab experiments focused on such information-collection processes. We consider decisions …

trader can walk away from a proposed trade when he learns the trading price. We show that when one trader's information is …

People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely …-dependent fairness preferences--either based on endogenous fairness reference points or based on shifts in salience--that can account for …