This article develops a Bayesian persuasion model examining a manager's incentives to gather information when the … manager can disseminate this information selectively to interested parties (“users”) and when the objectives of the manager … the information, then the manager may gather more precise information. The article identifies conditions under which a …

We show that aversion to risk and ambiguity leads to information inertia when investors process public news about … disappears when investors are risk neutral or the news is about idiosyncratic risk. Information inertia leads to news momentum (e …

An information transaction entails the purchase of information. Formally, it consists of an information structure … together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent …'s preferences for information. The index of information transactions has a simple analytic characterization in terms of the relative …

Consider an investment problem with strategic complementarities and incomplete information about returns. This paper … shows that investors aggregate their private information in equilibrium by trading a token and observing its market price … over multiple rounds before making the investment decision. This result is robust to the information environment. The paper …

The properties of information, including "information uncertainty", can be understood only Bayesianly. Common … formulations that define information uncertainty in terms of just statistical "precision" (i.e. sampling variance), or any one … estimator characteristic (e.g. bias), are inadequate for generalized Bayesian analysis. Methods that deny information a Bayesian …

In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be …

An information-theoretic thought experiment is developed to clarify why the maximum entropy methodology is appropriate … predictive power is provided through an application to the Schelling model of segregation. -- Information entropy ; knapsack …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers have to trade-off the value of better … information against its cost, and make their final choices based on imperfect information. We model this decision using the …

surviving the contest for attention. Application of the equilibrium analysis to changes in information technologies and …