In exploring the question of how humans reason in ambiguous situations or in the absence of complete information, we stumbled onto a body of knowledge that addresses issues beyond the original scope of our effort. We have begun to understand the importance that philosophy, in particular the work...

Every individual channels information differently based on their preference of the sensory modality or representational system (visual auditory or kinesthetic) we tend to favor most (our primary representational system (PRS)). Therefore, some of us access and store our information primarily...

Executive discretion, the latitude for executives strategic decisions, is a powerful moderator of strategic decision making. In spite of its potential contribution to strategic management studies, Hambrick and Finkelstein's (1987) socio-political model of executive discretion has received little...

"This paper provides an experimental analysis of bargaining under imperfect information, molded by the circumstances found in oil field unitization. The purpose of the study is two-fold. One purpose is to provide a more in-depth analysis of how information affects bargained shares and...

This paper takes an information-theoretic approach to the economics of science, extending Arrow's pioneering (1962) analysis of the allocation of resources for industrial research and invention. It addresses the questions: is there a valid economic distinction between scientific and...

In this article, we consider the problem of criterion choice in information recovery and inference in a large-deviations (LD) context. Kitamura and Stutzer recognize that the Maximum Entropy Empirical Likelihood estimator can be given a LD justification (Kitamura and Stutzer, 2002). We...

An argument that in a costly state verification model of financial contracting, relaxing the assumption of perfect verification makes the measurement of information difficult.

We take a close look at a year in the U.S. Treasury market and try to explain the sharpest price changes and most active trading episodes. The virtue of our analysis lies in its use of high-frequency data on market movements and accurate release times for a comprehensive set of economic...