they model the choice of different alternatives through high or low cognitive costs and feedback information provided to …

This paper experimentally investigates individual information acquisition and decisions in ambiguous situations in … risk aversion, ambiguity attitude and personality traits are related to an individual’s information acquisition prior to a … decision and to the decision itself based on this information. I focus on urn decisions and conduct treatments that consider …

In an information cascade experiment participants are confronted with artificial predecessors predicting in line with … coinciding predictions of predecessors are observed, regardless of whether additional information is revealed by these …

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is … biases generate prior-dependent information preferences, such that agents may avoid information when being unconfident but … are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

this paper, we study the impact of providing personalized information on health plan choices in a laboratory experiment. We … that providing personalized information significantly improves health plan choices. The positive effect is even larger and … personalized information restores the awareness of the choice setting to a level comparable to the case without distraction thus …