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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 …
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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 …
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information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are …
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information, equilibria are efficient, and we determine the degrees of specialization under which the specialized insurers are …
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This paper examines a game-theoretical model of parimutuel betting markets with asymmetric information. Generically … of their private information. An equilibrium where all bettors use their private information always exists and becomes … signal, following the choices of previous bettors, and betting against the trend. On average,information is well aggregated …
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