We design a comprehensive experimental setup to study (i) intrinsic preferences for gradual information revelation (ii) with different skewness (positive, negative, or symmetric) (iii) in two information environments. In a compound lottery environment, symmetric information revelation is...

This paper presents a model for the "gambling effect," i.e., the effect that risky gambles are evaluated differently than riskless outcomes due to an intrinsic utility (or disutility) of gambling.The model turns out to violate stochastic dominance and therefore its primary applications will be...

We design a comprehensive experimental setup to study (i) intrinsic preferences for gradual information revelation (ii) with different skewness (positive, negative, or symmetric) (iii) in two information environments. In a ``compound lottery'' environment, symmetric information revelation is...