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We use the medical specialties of physician-patients with advanced cancer to study the role of knowledge versus networks in treatment choices and patient survival by matching comparable patients with doctors and admission periods to control unobserved doctor quality. Physician-patients are less...
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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 …
Persistent link: https://www.econbiz.de/10008773599
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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