-biased agents to avoid information about negative future impacts of such activities. We then confront our model with data from an … (58 percent) chose to ignore free information on calorie content, leading at-risk subjects to consume significantly more …

was decreased by forty percent relative to the control. (3) The party information significantly affected the choices … information interacted with educational level in only eight out of forty choice sets, suggesting that even the more educated … two to ten relative to the control. These findings suggest that the party information helped the respondents to articulate …

activities. An efficient communication protocol grants complete information payoffs to all organization members, thereby … overcoming asymmetric information problems at no cost. This paper characterizes efficient protocols assuming that: (i) some …

We consider a setting in which two potential merger partners each possess private information pertaining both to the … profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes …

subject to a private information problem. The asset plays the role of a medium of exchange, but this role can be affected by … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …

No voters cast their votes based on perfect information, but better educated and richer voters are on average better … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …