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 collection. I find evidence consistent with this pattern using data on …

surviving the contest for attention. Application of the equilibrium analysis to changes in information technologies and …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers trade-off the value of better information … against its cost, and make their final product choices based on imperfect information. We model this decision using the …

Consumers often do not have complete information about the choices they face and therefore have to spend time and … effort in acquiring information. Since information acquisition is costly, consumers trade-off the value of better information … against its cost, and make their final product choices based on imperfect information. We model this decision using the …

problem. Information is modeled as a pair, consisting of both factual information and awareness information. The model … preserves the central properties of the standard information partition model …

value of information exhibits increasing marginal returns over some range. Their result assumes that both the number of … states and the number of signal realizations are finite, assumptions which preclude most analyses of optimal information … acquisition. We provide a set of sufficient conditions that yields this 'nonconcavity' in the value of information in a general …

's entropy. In this manner, the new logic of partitions provides a logico-conceptual foundation for information-theoretic entropy … or information content …

This paper analyses the role of information in the search process. Ibuild a simple model of a good with two random …

Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions …