supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …

be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … decision maker collect the proper pieces of information. Moreover, manipulation ofinformation does not occur if the preferences … composed ofmembers with polarized preferences. Outliers have a strong incentive to search for information. …

, incomplete information, and risk aversion. The model predicts that an agent's risk aversion is correlated with her network …

distributions can be elicited through an intuitive graphical interface, and, as we show, the information contained in two preferred …

, 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 …

participants accept or reject a series of mixed gambles while exogenously varying how information can be sampled. Specifically, in …