Showing 171 - 180 of 646,980
We consider a situation where a decision maker gathers information from two or more imperfectly informed experts … experts correlation unambiguously tightens the conditions on preferences for a truth-telling equilibrium. However, with … multiple experts the effect of correlation on the incentives to report information truthfully is non-monotonic. In particular …
Persistent link: https://www.econbiz.de/10012987832
An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...
Persistent link: https://www.econbiz.de/10012932515
Persistent link: https://www.econbiz.de/10012549341
When an agent receives information from a source whose accuracy might be either high or low, standard theory dictates … uncertain sources. A theory of belief updating where agents are insensitive and averse to uncertainty in information accuracy …
Persistent link: https://www.econbiz.de/10013250504
Persistent link: https://www.econbiz.de/10013273509
Persistent link: https://www.econbiz.de/10013177856
Persistent link: https://www.econbiz.de/10013258523
Government agencies routinely allow pre-release access to information to accredited news agencies under embargo agreements. Using high frequency data, we find evidence consistent with informed trading during embargoes of the Federal Open Market Committee's scheduled announcements. The E-mini S&P...
Persistent link: https://www.econbiz.de/10013033606
Persistent link: https://www.econbiz.de/10012648428
Persistent link: https://www.econbiz.de/10012439578