Showing 1 - 10 of 451
The paper studies information processing imperfections in a fully rational decision-making network. It is shown that imperfect information transmission and imperfect information acquisition in a multi-stage selection game yield information overload. The paper analyses the mechanisms responsible...
Persistent link: https://www.econbiz.de/10011335195
This paper analyses the role of information in the search process. Ibuild a simple model of a good with two random … which neither affect expected utility norits variance. These changes have a great impact on the search behaviour …:the customer may start to search the characteristics and buy the goodeven if she did not do so before. The optimal search rule is …
Persistent link: https://www.econbiz.de/10011379165
. If two agents search simultaneously, the incentive tocontinue searching is affected by the information found by theother … agent. This forces the principal to leave rents to theagents. If agents search sequentially, the reward can be …
Persistent link: https://www.econbiz.de/10010324998
search. When searchable information is limited, an agent encounters increasingly more redundant information in his search for … agents search for information from the same source, limited searchability leads to covariance as the acquired information …
Persistent link: https://www.econbiz.de/10010529422
This article develops a Bayesian persuasion model examining a manager's incentives to gather information when the manager can disseminate this information selectively to interested parties (“users”) and when the objectives of the manager and the users are not perfectly aligned. The model...
Persistent link: https://www.econbiz.de/10012854767
We examine data on capital-gains-tax-related information search to determine when and how taxpayers acquire information …. We find seasonal increases in information search around tax deadlines, suggesting that taxpayers seek information to … comply with tax law. Positive correlations between stock market activity and search as well as year-end spikes in information …
Persistent link: https://www.econbiz.de/10013032311
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 …
Persistent link: https://www.econbiz.de/10012937517
We propose a general equilibrium model where two special interest groups (SIGs) compete to influence public opinion. Citizens with heterogeneous priors over a binary state of the world receive reports drawn from a continuous message space by a variety of sources. The two opposite SIGs attempt to...
Persistent link: https://www.econbiz.de/10014322801
aggregator involves a tradeoff between imperfect information and search cost reduction, and this may not always be welfare …
Persistent link: https://www.econbiz.de/10014042628
information. We find strong seasonal increases in information search around tax filing deadlines, suggesting that taxpayers seek … information to comply with tax law. Positive correlations between stock market activity and information search and year-end spikes … in information search on capital losses suggest that taxpayers seek information for tax planning purposes. Policy changes …
Persistent link: https://www.econbiz.de/10013076868