information asymmetry, is undertaken, and a simple multi-factor model of deferral – involving both confidence and information …

. We show that this is equivalent to a constrained information design problem, and characterize its solution. Moreover, we … use a novel result on the comparison of information structures to show that the simple geometric mechanism is optimal …

control the quality of the expert's information. We prove that the optimal quality of information is always bounded away from … the full information and characterize the optimal information structure that maximizes players' ex-ante payoffs. Based on … further ex-ante Pareto improvement since it allows for the step-by-step refinement of the expert's information, preserving …

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 …

When an agent receives information from a source whose accuracy might be either high or low, standard theory dictates … uncertain sources. A theory of belief updating where agents are insensitive and averse to uncertainty in information accuracy …

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the … probability than a bad one. The entrepreneur makes an upfront payment that the consultant can either invest in information … entrepreneurs so long as his informal referrals remain high. The principal finds it optimal to under-utilize information if she uses …

This paper studies information orders in screening models with quasilinear preferences. I amend a general screening … information order ranks two signals if the distributions over inverse hazard rates induced by the first signal are mean …

Information provision experiments have become pivotal in understanding how beliefs influence human behavior in various … social science contexts. These experiments, which manipulate the information sets available to respondents, enable the … methodologies for measuring and updating beliefs, designing effective information treatments, and addressing experimenter demand …

other similar information gathering? In the value of information problems studied here, a principal who wishes to preserve a …. The value of information related to more precise information about the protection value for the principal is a key issue … to Amazon rainforest protection and considers the hypothetical value of perfect information. The analysis finds that the …