, alongside the products' prices. Furthermore, we study how consumers integrate the usage of ratings with other information … provided from other sources. Halfway through the experiment, we provide information regarding the underlying value behind the … ratings. Using a between-subject design, we modify the information provided and analyze the impact of such information on the …

the information provided about reviewers (e.g., consumers may have no information about a reviewer or may see a full … reviewer profile containing multiple pieces of demographic information). We demonstrate that when given no information about a …

We examine whether finance professionals deviate from Bayes’ theorem on the processing of nondiagnostic information …

control the quality of the expert's information. We prove that the optimal quality of information is always bounded away from … the full information and characterize the optimal information structure that maximizes players' ex-ante payoffs. Based on … further ex-ante Pareto improvement since it allows for the step-by-step refinement of the expert's information, preserving …

account that investors' information about fundamentals driving rare downward jumps in the dividend process is not perfect …

terms of likelihood. If the prior support is misspecified, I demonstrate how rules that underreact to new information can …