Market prices are well known to efficiently collect and aggregate diverse information regarding the economic value of goods, services, and firms, particularly when trading financial securities. We propose a novel application of the price discovery mechanism in the context of marketing research:...

Many social interactions (examples are market overreactions, high rates of acquisitions, strikes, wars) are the result of agents' overconfidence. Agents are in particular overconfident for difficult tasks. This paper analyzes overconfidence in the context of a statistical estimation problem. We...

We aim at some simple theoretical underpinnings for a complex empirical question studied by labor economists and others: does Information-technology improvement lead to occupational shifts -- toward "information workers" and away from other occupations -- and to changes in the productivity of...

We aim at some simple theoretical underpinnings for the study of a complex empirical question studied by labor economists and others: does Information-technology improvement lead to occupational shifts -- toward "information workers" and away from other occupations -- and to changes in the...

Collecting and displaying product reviews written by consumers is a common practice for many retail websites. These websites, however, differ in their choice to reveal aggregate review statistics on the product list displayed while consumers browse or search to make initial product selections....

We study the interaction between productive investment and persuasion activities in a principal-agent setting with strategic disclosure. In an attempt to persuade the principal, the agent diverts substantial resources from productive activities to information acquisition for persuasion, even...