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 their content effectively to update their beliefs. To...

In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...

In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...