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 …

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. …