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Investor Information Gathering and the Resolution of Uncertainty

Neilson, Jed - 2022

Information gathering is an instinctive response to uncertainty, but such efforts may not fully resolve the uncertainty that prompted them. This implies that proxies for investor information gathering may endogenously reflect investor uncertainty, not only before but also after information...

Persistent link: https://www.econbiz.de/10013289336

Rationality : Transitivity and System 2. Individual Differences in Information Processing

Sleboda, P. - 2016

Despite a high interest in personal styles of information processing in decision research, measurements of rationality … in Dual Process Theories (DPT) have not been confronted with the normative concept of rationality, e.g. obeying the …. satisficing and option-wise vs. attribute-wise information processing, since they refer to the classical concept of rationality …

Persistent link: https://www.econbiz.de/10012981171

Divide and Inform : Rationing Information to Facilitate Persuasion

Michaeli, Beatrice - 2020

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...

Persistent link: https://www.econbiz.de/10012854767

Rational Inattention and Analyst Forecast Accuracy

Truong, Phong - 2018

Facing limited attention constraints, financial analysts must strategically choose which information to pay attention to and which information to ignore when making earnings forecasts. I rely on rational inattention theory to develop and test hypotheses on factors that determine analyst...

Persistent link: https://www.econbiz.de/10012910348

Disclosing to Rationally Inattentive Traders

Fleer, Sebastian - 2023

The paper investigates firm managers’ strategic disclosure interactions of quantitative value estimates when facing a rationally inattentive trader who also gathers qualitative information. Considering a model with two firms and using the Kyle (1985) model to price each firm’s securities, I...

Persistent link: https://www.econbiz.de/10014350346

I don't want to hear about it: Rational ignorance among duty-orientd consumers

Nyborg, Karine - 2008

Individuals with a preference for keeping moral obligations may dislike learning that voluntary contributions are socially valuable: Such information can trigger unpleasant feelings of cognitive dissonance. I show that if initial beliefs about the social value of contributions are sufficiently...

Persistent link: https://www.econbiz.de/10010285608

Information avoidance, selective exposure, and fake(?) news : a market experiment

Momsen, Katharina; Ohndorf, Markus - 2020

We investigate if people exploit moral wiggle room in markets when revelation is stochastic and the revealed information is potentially erroneous. In our laboratory experiment, subjects purchase products associated with co-benefits represented as a contribution to carbon offsets purchased by the...

Persistent link: https://www.econbiz.de/10012437558

Persistence of Beliefs in an Investment Experiment

Ko, K. Jeremy - 2010

A number of behavioral finance theories posit that investors adhere to prior beliefs in spite of new information. This paper reports the results of an investment experiment which shows that subjects' inferences are biased by their prior beliefs in a manner that depends on investment outcomes....

Persistent link: https://www.econbiz.de/10013146718

Can Anticipatory Feelings Explain Anomalous Choices of Information Sources?

Eliaz, Kfir; Spiegler, Ran - 2005

The well-being of agents is often directly affected by their beliefs, in the form of anticipatory feelings such as anxiety and hopefulness. Economists have tried to model this effect by introducing beliefs as arguments in decision makers' vNM utility function. One might expect that such a model...

Persistent link: https://www.econbiz.de/10014028712

Information Pollution, Knowledge Overload, Limited Attention Spans, and Our Responsibilities as IS Professionals

Bray, David A. - 2013

I enclose a general submission piece discussing information pollution and the problems associated with this phenomenon. I detail how information pollution arises, what challenges it brings for us as IS professionals, and future avenues of research and development that might remedy this problem....

Persistent link: https://www.econbiz.de/10014052831