When two agents with private information use a mechanism to determine an outcome, what happens when they are free to … outcome in one mechanism while they play another mechanism and learn new information. A decision rule is posterior …

Attention scarcity is a limitation on the ability to incorporate information into actions with state … uses information from the joint distribution to make better ex-post choices from menus, and attention scarcity is reflected … in a subjective cost of information. Our focus on ex-ante preferences allows us to identify anticipated attention …

experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …

Sometimes we believe that others receive harmful information.However, Marschak’s value of information framework … information’s harmfulnessfor oneself. The impact of decision makers’ capabilities to processinformation and of their expectations … maker as a point of reference, this paperintroduces a way for evaluating others’ information from a cross …

of their private information. Hence, it is robust in the sense that it is not affected by errors in specifying these …

experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …

experimental lab in three different informational settings, and study the role of information in individual decision making. Our … of truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …