A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but less is known about the underlying inference process. This paper studies belief updating patterns regarding academic ability in a large sample of students transitioning from...

A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but less is known about the underlying inference process. This paper studies belief updating patterns regarding academic ability in a large sample of students transitioning from...

Consider an investment problem with strategic complementarities and incomplete information about returns. This paper shows that investors aggregate their private information in equilibrium by trading a token and observing its market price over multiple rounds before making the investment...

The paper aims to present a comparative study regarding information system and knowledge management system within the Chamber of Commerce and Industry, study conducted based on questionnaire, over two years, namely 2012 and 2013. The study aims to focus on the differences between the two terms...

The high School of Colombes (France) - Lycée Guy de Maupassant - has organized a conference where some specialists were invited to debate about "L'avenir de l'information économique". This paper reports the main ideas developed during the conference. R.Courbis (GAMA, University Paris 10),...

This paper proves the Li (2009) [13] unawareness structure equivalent to the single-agent propositionally generated logic of awareness of Fagin and Halpern (1988) [4]. For any model of one type one can construct a model of the other type describing the same belief and awareness. Li starts from...

Sometimes we believe that others receive harmful information.However, Marschak’s value of information framework alwaysassigns non-negative value under expected utility: it starts from the decisionmaker’s beliefs – and one can never anticipate information’s harmfulnessfor oneself. The...

We provide necessary and sufficient conditions for a dynamically consistent agent always to prefer more informative signals (in single-agent problems). These conditions do not imply recursivity, reduction or independence. We provide a simple definition of dynamically consistent behavior, and we...

This article develops a Bayesian persuasion model examining a manager's incentives to gather information when the manager can disseminate this information selectively to interested parties (“users”) and when the objectives of the manager and the users are not perfectly aligned. The model...

An important topic in recent macroeconomic literature is the potential effects of noise, or expectational, shocks on aggregates. Most of the past analysis has used some derivative of a New Keynesian model with labor as the only input, but doing so fails to consider that some input decisions may...