Does social identity affect how decision makers consume and digest new information? We study this question through a … cost. Making social identity observable significantly affects information acquisition and makes receivers more prone to … truthtelling. This change in information acquisition has implications for optimal decision making: it negatively affects receivers …

of asymmetric information on proposer behavior in two different situations which allow for a variation of responder veto … compared to the dictator game is (marginally) smaller when the proposer is in the superior information position. Further we …

We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

When an agent receives information from a source whose accuracy might be either high or low, standard theory dictates … uncertain sources. A theory of belief updating where agents are insensitive and averse to uncertainty in information accuracy …

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the … probability than a bad one. The entrepreneur makes an upfront payment that the consultant can either invest in information … entrepreneurs so long as his referrals remain high. The principal under-utilizes information in settings (i) and (ii). In setting …

Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper … investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use … guide policy-making decisions, providing evidence on externalities of information production. …

This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate … show that placebic information increases the perceived amount of relevant information. Individual participants …' characteristics, such as gender, financial knowledge or overconfidence, do not affect these findings. Placebic information does not …

Transparent disclosures of public information might be one natural policy to reduce information inequality among … individuals. We conduct a welfare analysis of such policy by introducing ex-ante heterogeneity in individuals' private information … in a class of economies with dispersed information and externalities. We find that, paradoxically, welfare unambiguously …

information with heterogenous hedging motives. We model that an informed buyer (informed trader) sequentially trades with a series …, paradoxically, makes it easier for the informed party to hide her private information and offer opaque prices. (ii) Post-trade price … transparency delays price discovery, but once it happens, it is always perfect. (iii) In contrast, when only past order information …

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 … the information, then the manager may gather more precise information. The article identifies conditions under which a …