Arrow's information paradox asserts that demand for undisclosed information is undefined. Reassessing the paradox, I … argue that the value of information for the buyer depends on its relevance, which can be known ex ante, and the uncertainty … shifts to the capability of the seller to acquire the knowledge and her reliability in disclosing it. These three together …

transmitter incentive schemes, information about the reliability of a forecast is lost in transmission more than twice as much as …For many decisions, people rely on information received from others by word of mouth. How does the process of verbal … transmission distort economic information? In our experiments, participants listen to audio recordings containing economic …

insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual's behavior. Information is also decisive when distinguishing between …

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 …

supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the … lab where subjects are offered additional, useful and identical information on the state of the world across treatments …

No voters cast their votes based on perfect information, but better educated and richer voters are on average better … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …