operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore …

how fast these old actions fade from view, social learning can either be as fast as if agents’ private information were …, learning about a moving target, heterogeneous preferences, and biases toward own information. …

Experimental economics methods were used to assess public understanding of information in weather forecasts and test … whether the participants were able to make better decisions using the probabilistic information presented in table or bar … average participants provided with uncertainty information make better decisions than those without. Statistical analysis …

result, social welfare may decrease when they have more attention to process information. And it can be even higher when …

how fast these old actions fade from view, social learning can either be as fast as if agents’ private information were …, learning about a moving target, heterogeneous preferences, and biases toward own information. …