response to a randomized information treatment, and new information also causes changes in imprecision levels. We show that we …

are updated in response to new information. For 70% of the subjects, we can reject the objective equality hypothesis that … the subjects. Among them, most subjects under-react to new information compared to what Bayes' rule implies. Finally, we …

distribution of subjective beliefs and examine how beliefs are updated, incorporating new information. We find that beliefs and … to new information. Finally, we find that subjects adjust their beliefs symmetrically to good news and to bad news. …

We study how information affects equilibria and welfare in games. For an agent, more precise information about an … obtain either a non-increasing mean or a non-decreasing-mean spread of actions whenever information precision increases for … environments. In persuasion games, we derive sufficient conditions that lead to extremal disclosure of information. In …

", which ensures that the old information is used correctly after an unforeseen event materializes. We find that participants …

", which ensures that the old information is used correctly after an unforeseen event materializes. We find that participants …

irreversible effects, but where the decision-maker can improve her information about the true future preferences. This problem was …