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We propose an incomplete information analogue of rationalizability. An action is said to be belief-free rationalizable …. This solution concept characterizes the implications of equilibrium when a player is known to have some private information … but may have additional information. It thus answers the "informational robustness" question of what can we say about the …
Persistent link: https://www.econbiz.de/10014123747
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 …
Persistent link: https://www.econbiz.de/10012156434
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …We use a limited information environment to mimic the state of confusion in an experimental, repeated public goods game …
Persistent link: https://www.econbiz.de/10011343917
they are strongly Pareto ranked. Our main result is that, when learning is costly but the cost of information goes to zero … signal is smooth and increasing in informativeness. We characterize the set of equilibria when learning is free and show that …, equilibria converge to the worst free-learning equilibrium …
Persistent link: https://www.econbiz.de/10012850392
We relax the standard assumption in the strategic trade policy literature that governments possess complete information … about the economy. Assuming instead that governments must obtain information from firms, we examine firms' incentive to … disclose information to the governments in the Brander-Spencer setting. With quantity competition, we find firms disclosing …
Persistent link: https://www.econbiz.de/10010332231
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Persistent link: https://www.econbiz.de/10012694495
Most learning in the workplace occurs outside of formal learning environments—it happens informally, “in the field.” In … this review, we share what is known about how such informal field-based learning (IFBL) works, offer guidance on how to … promote healthy IFBL, and identify future research needs. We first situate IFBL within the broader stream of the learning …
Persistent link: https://www.econbiz.de/10014085735
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 …
Persistent link: https://www.econbiz.de/10010326404
biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to … affect how people picture the future. This paper studies the role of public information dissemination, or publicity, in a …
Persistent link: https://www.econbiz.de/10010277212