Sometimes we believe that others receive harmful information.However, Marschak’s value of information framework … information’s harmfulnessfor oneself. The impact of decision makers’ capabilities to processinformation and of their expectations … maker as a point of reference, this paperintroduces a way for evaluating others’ information from a cross …

paper investigates how consumers form and update their inflation expectations using a unique "information" experiment … for the economy overall. We then randomly provide a subset of respondents with infl ation-relevant information: either … new information on respondents' inflation expectations. We find that respondents revise their inflation expectations in …

Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs … parameters. They argue that the set of incomplete-information models satisfying this so-called BDP property ("beliefs determine … rich and beliefs are derived by conditioning on the available information; for any agent, this information includes his own …

. Using a unique 'information' experiment embedded in a survey, this paper investigates how consumers' inflation expectations … respond to new information. We elicit respondents' expectations for future inflation before and after providing a random … subset of respondents with factual information that may affect their expectations. This design creates unique panel data that …

This paper provides a search-based information acquisition framework using an urn model with an asymptotic approach …. The underlying intuition of the model is simple: when the scope of information search is more limited, marginal search … efforts produce less useful information due to redundancy, but commonality of information among different agents increases …

change information is a costly activity. An important implication of rational inattention is that consumers may rationally …

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 …, covering the period of January 1991 until March 2014. The information content or informativeness of revision is measured using …

information asymmetry, is undertaken, and a simple multi-factor model of deferral – involving both confidence and information …

purchase information about the state of nature in the form of an information structure. Given his prior, information structure … 'a' is more informative than information structure 'b' if whenever he rejects 'a' at some price, he also rejects 'b' at … ordering based on similar premises exists. -- Informativeness ; information structures ; entropy ; decision under uncertainty …