We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

Does social identity affect how decision makers consume and digest new information? We study this question through a … cost. Making social identity observable significantly affects information acquisition and makes receivers more prone to … truthtelling. This change in information acquisition has implications for optimal decision making: it negatively affects receivers …

We examine how health information affects individuals' subjective well-being using a regression discontinuity design on … data from a screening program for an asymptomatic disease, abdominal aortic aneurysm (AAA). The information provided to the … receive information that they are healthy with those that receive information that they are in the risk zone for AAA, we find …

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 develop a new theory of information production during credit booms. In our model, entrepreneurs need credit to … themselves from such diversion in two ways: collateralization and costly screening, which generates durable information about … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …

This paper addresses a general problem with the use of surveys as source of information about the state of an economy …: Answers to surveys are highly dependent on information that is publicly available, while only additional information that is … disentangle the private information of agents from knowledge that is already publicly known for surveys that ask for general as …

We explore whether behavioral biases impede the effective processing and interpretation of soft information in private …) common identity. Specifically, we find that using soft information in lending decisions leads to worse loan quality when loan … information in lending decisions …

insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …