to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice … and find that agents work more when signals are available. Overall, behavior differs from predictions of standard theory …

the presence of diffuse, decentralized information, and in the absence of price-taking behavior and central market …

, like the call market, might be able to prevent the occurrence of information mirages and promote a greater level of … efficiency when no inside information is in the market. Second, we also compare the efficiency of the two trading institutions …

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 …

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 … is not recognized. -- information cascade ; Bayes' Rule ; decision under risk and uncertainty ; experimental economics …

particular, we investigate settings with both exogenous and endogenous information structures. We find that theory is indeed a …A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the … useful predictor for the relative magnitudes of the principals' offers, the agents' information gathering decisions, and the …

We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that non … decreased abstention when the probability of corrupt experts is low, actually increases information efficiency in committee … effect of decreased information efficiency due to corrupt experts. Our results demonstrate that the norm of “letting the …

differential information. A seller posts one price each period that a buyer either accepts or rejects. Trade occurs over a sequence … Phrases: Intertemporal pricing, Differential information …

On financial markets, information is a highly demanded resource and processing it to (potentially) generate excess … returns drives the activities of many market participants. Not surprisingly, this high relevance of information in markets … culminates in a high research interest focusing on how information affects traders' behavior and market outcomes. It is, however …