We study social learning and information transmission in a sender-receiver game wherein senders may be attacked (``cancelled'') for challenging the status-quo beliefs. We find that cancellations (and self-censorship) don't arise unless there is a positive probability the receiver gains a direct...

Empirical evidence suggests that the distribution of earnings reports is discontinuous. This is puzzling since the distribution of true earnings is likely to be continuous. We present a model that rationalizes this phenomenon. In our model, managers report their earnings to rational investors,...

When two random variables are both additive or multiplicative, the effect of the way one "slices" the available period to subperiods (time intervals) is well documented in the literature. In this paper, we investigate the time interval effect when one of the variables is additive and one is...