This paper studies the effect of social learning on political outcomes in a model of informative campaign advertising. We find that communication networks among voters have important effects on parties' incentives to disclose political information, on voters' learning about candidates running...

When different stages of the evaluation of a multi-attribute project rest with conflicting economic actors, which attributes are selectively explored and why? We provide a model of attribute sampling in which correlation across attributes is flexibly modeled through Gaussian processes. In the...

We consider a median voter model with uncertainty about how the economy functions. The distribution of income is exogenously given and the provision of a public good is financed through a proportional tax. Voters and politicians do not know the true production function for the public good, but...

We consider a two period model in which an incumbent political party chooses the level of a current policy variable unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have different beliefs about how policy choices will...

We consider a two period model in which an incumbent political party chooses the level of a current policy variable unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have different beliefs about how policy choices will...

A Bayesian agent evaluates a stream of information over a finite period before deciding on which of two alternatives to adopt. At any point, the agent is free to convert information into an informative, binary signal. When information arrives at a roughly constant rate, an agent who frequently...

The FDA is responsible for the approval of new drugs, biological products and medical devices in the United States. As part of the approval process, the FDA relies on advisory committees, which provide independent advice from outside experts. We combine a structural approach with newly collected...

People are exposed to a constant flow of information about economic, social and political phenomena; nevertheless, misinformation is ubiquitous in the society. This paper studies the spread of misinformation in a social environment where agents receive new information each period and update their...

A researcher allocates a budget of informative tests across multiple unknown attributes to influence a decision-maker. We derive the researcher's equilibrium learning strategy by solving an auxiliary single-player problem. The attribute weights in this problem depend on how much the researcher...