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knowledge. We test this result in a laboratory experiment. The data cannot confirm the predicted welfare dominance of private …
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laboratory experiment. As predicted, if unanimity is required, subjects are more truthful, respond more to others' messages, and …
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experiment. We find that subjects often use selective disclosure strategies, and this finding appears to be robust to changes in … the information structure, the mode of competition, and the degree of product differentiation. Moreover, in our experiment …
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We report on the results of an experiment designed to disentangle behavioral biases in information aggregation of …
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